Twitter has suffered a massive loss in its first published financial results since the social networks highly anticipated US stock market debut last year, and though the company might not have been surprised, punters took a different view, with shares dropping almost 25 percent in value.
Twitter told shareholders it lost $US511 million/$AU573 million in the last three months of last year, that’s despite a doubling of revenue from 12 months ago to a better-than-expected $US243 million/$AU273 Million.
Financials aren’t the only woes the micro-blog are suffering, Twitter seems to be testing a new heavier design and it’s users haven’t been receptive of the changes. The new layout is reported to include a look described by many as a cross between Facebook and Google plus. Format changes in the past – including their most recent small change – have upset a bunch of users :: Read the full article »»»»