Twitter has revealed its user-base data for the most recent fiscal quarter, with the social network now boasting 284 million monthly users worldwide.
The site’s latest tally is a 23% rise from last quarter. Some investors were displeased however, as the previous three months had seen a slightly higher 24% user rise.
Revenue also reportedly rose to $361 million, over double last quarter, trumping the average estimate of $351.4 million.
Traders felt scorned by the underwhelming stats however, leading to a 12% fall in Twitter share prices.
It also projected Q4 revenue of somewhere between $440-450 million, with analysts predicting revenue of around $448.8m.
This again led to some investors being disappointed, hence the drop in stock value.
Arvind Bhatia, an analyst at Sterne Agee, said that ‘expectations were high’ for the social network.
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Dick Costolo, Twitter’s CEO, said: “I’m confident in our ability to build the largest daily audience in the world, over time, by strengthening the core, reducing barriers to consumption, and building new apps and services.”
Twitter still places behind Facebook in terms of active users per month however, with Zuckerberg’s social network sitting pretty on upwards of 1.3 billion regulars.
This puts Twitter’s latest user figures at somewhere around a fifth of Facebook’s tally.
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
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We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.