Twitter is going through tough times.
The micro-blogging site enjoys extremely good name recognition and is a boon to anybody who wants to keep track of minute-by-minute coverage of developing news, favourite events, or personalities.
But financially it’s been disappointing, a fact underlined by the company’s fourth-quarter earnings report on February 10.
While Twitter reported a 48% quarter-on-quarter rise to $710.5 million in revenues, largely due to its popular video advertisements, it was also the first three-month period in which active users did not grow.
Plus it’s continuing to lose money, ending up another $90.2 million in the red.