Twitter advertising revenue falls, shares drop more than 10 percentTwitter Inc (TWTR.N) posted the slowest revenue growth since it went public four years ago, sending shares down more than 10 percent on Thursday on fears that rivals Snapchat and Facebook Inc(FB.O) were winning the war for advertising. The lack of revenue growth has raised questions about Dorsey's leadership and whether the company would be bought by a bigger media firm. Quarterly revenue growth was the slowest since Twitter went public in 2013. Advertising revenue in the fourth quarter declined 0.5 percent year-over-year to $638 million, and the company said that advertising revenue growth would continue to lag user growth during 2017. Excluding various items, the company earned 16 cents per share in the fourth quarter, beating the average estimate of 12 cents per share.

Source: VietNamNet News February 10, 2017 01:30 UTC