Twitter Sales Forecast Misses Estimates as Dorsey Begins Revamp
- Revenue outlook misses analysts' estimates, user growth anemic
- New CEO taking steps to revamp products, reach more people
Twitter Forecast Misses Estimates as Dorsey Begins Revamp
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Twitter Inc.’s turnaround isn’t going to be easy.
Even as Jack Dorsey has sought to be candid about the company’s challenges, Twitter’s results continue to fall short of expectations, with a fourth-quarter sales outlook that may miss estimates and another slowdown in user growth. The shares plunged 12 percent in German trading.