Twitter didn't add any new users last quarter, and the stock is diving
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Twitter didn't grow its user base at all last quarter, despite beating Wall Street's expectations for revenue.
The news of Twitter's stalled user growth sent shares diving in pre-market trading on Wednesday.
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Here are the key numbers from Twitter's Q2 earnings:
- EPS (adjusted): $0.12 vs. $0.05 expected.
- Revenue: $574 million vs. $537 million expected.
- Monthly active users: 328 million, the same as the previous quarter.
This story is developing. Check back for updates.
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