Twitter User Growth Slows as New Products Fail to Excite
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Twitter Inc.’s slowing user growth pushed the stock to the lowest since last year’s market debut.
The company said yesterday that membership in the first quarter reached 255 million, with year-over-year growth decelerating to 25 percent from 30 percent in the previous period. The stock plunged as much as 13 percent in early trading even as sales more than doubled to $250 million, topping analysts’ estimates.