Twitter Hits Revenue Targets, but Growth Continues to Slow

By Tim Maytom

Twitter Bird Logo IRL

Twitter disclosed its Q4 financial results yesterday, revealing that while the company beat Wall Street’s profit and revenue targets, its historically fast user growth has continued to slow throughout the year.

While Twitter gained between 13m and 16m users in each of the first three quarters of 2014, it rose by only 4m in Q4, which CEO Dick Costolo attributed to the launch of iOS 8. According to Costolo, around 3m users were lost because of a change to the Shared Links feature in the mobile Safari browser, while 1m users were unable to get their passwords to work due to an encryption issue.

Year-on-year, Twitter’s user numbers grew 20 per cent in 2014, it’s slowest year yet. Costolo claimed that the first quarter of 2015 has seen numbers accelerate again, but an internal memo by Costolo obtained by The Verge showed that the company is aware that user-on-user abuse has become an increasing problem that the social network has struggled to react to.

“We suck at dealing with abuse and trolls on the platform and we’ve sucked at it for years,” wrote Costolo in the memo. “It’s no secret and the rest of the world talks about it …read more

Source:: Mobile App News