BusinessTwitter shares in a tailspin as user growth faltersTwitter says it is changing some coding terms in favour of more inclusive languageReuters / Dado RuvicAngela Jameson11 February 2016Twitter shares plunged in New York last night after the social network revealed growth in new users has stalled for the first time in its history.The shares fell 11%, before recovering to be 3% down, in after-hours trading after the firm said that user numbers in the final three months of the year slipped to 305 million from 307 million the previous quarter. This was the first quarter since its 2006 launch that Twitter’s active users did not grow as the network faces investor pressure to appeal to the public at large, but the social network said January user numbers had bounced back to third-quarter levels, and it was confident the recovery would continue.Revenue in the quarter rose 48% to $710 million (£490.8 million), in line with analysts’ expectations.Read MoreWhy are ministers obsessing about Grok instead of real issues?'Let's get rid of INEOS': Bruno Fernandes' X account hackedWage growth falls as unemployment stays at highest level for nearly five yearsSponsoredReset your wellbeing for the year aheadHowever, investors were also disappointed by Twitter’s revenue forecast of between $595 million and $610 million for the first quarter of 2016. Boss Jack Dorsey said there were many features to the network that new users found difficult to grasp.“We think there’s a lot of opportunity to fix the broken windows and confusing aspects of our product,” he said.MORE ABOUTTwitter
