Posted on Thu 29 Oct 2020, 10:40 PM

Twitter shares tumbled Thursday after the messaging platform’s quarterly update showed a slowdown in user growth.

The number of “monetizable” daily users reported by Twitter rose by just one million from the past quarter to 187 million, below analyst forecasts of 196 million.

Twitter shares slumped some 10 percent in after-hours trade.

Profits slipped to $29 million, from $37 million a year ago while revenue rose 14 percent to $936 million.

Twitter nonetheless pointed to strong growth in its user base compared with last year’s levels.

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