Twitter’s share price falls following reported losses for last quarter

Twitter today reported its first quarter as a publicly listed company. And while the market may be punishing the company abit for slower overall user growth, the mobile story continues to be a strong one. Twitter said that mobile monthly active users stood at 184 million for Q4 2013, up 37% on a year ago. Given that overall users were 241 million, that makes mobile 76% of overall users.

Investors clipped the wings of Twitter’s high-flying stock on Wednesday, sending shares down as much as 13 percent in after-hours trading after the company reported weak user growth in the fourth quarter, and forecast slower revenue and profit gains in 2014. The microblogging company said revenue for the quarter, which ended Dec. 31, was $243 million, up 116 percent from $112 million in the fourth quarter of 2012. Twitter reported a net loss of $511 million, compared with an $8.7 million loss a year ago.

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