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Twitter Shares Drop After Earnings Report

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Twitter Shares Drop After Earnings Report

Business

Twitter Shares Drop After Earnings Report

Twitter Shares Drop After Earnings Report

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  • <iframe src="https://www.npr.org/player/embed/272359798/272359799" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The social media company announced its first earnings report since becoming a publicly traded company. Shares dropped about 17 percent after the company reported a sharp decline in new users.

RENEE MONTAGNE, HOST:

NPR's business news begins with a drop for Twitter.

(SOUNDBITE OF MUSIC)

MONTAGNE: The social media company announced its first earnings report since becoming a publicly traded company, and the news is not good. Twitter's stock price 17 percent in the last quarter. This change is due largely to a sharp decline in new users. Only one million U.S. users were added in the final months of 2013.

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