Around the Net

Twitter Loses $116M, No Rise In User Base

Twitter is in trouble. It lost $116.5 million last quarter and failed to grow its monthly user base from the prior quarter, the company said Thursday. The stock dived 14% on the news. On a per-share basis, the San Francisco company said it had a second-quarter loss of 16 cents. Twitter has never had a profitable quarter. One hope for future is Twitter Lite, launched in April to reach more international users. 

Read the whole story at Los Angeles Times »

Next story loading loading..