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Twitter Tweets a Disappointing Earnings Report

Twitter may have captivated millions of insiders in the twin realms of technology and media, but its most persistent challenge can be easily characterized in less than 140 characters: “Grow the user base faster and enlist more engaged, mainstream users i.e. #BeMorelikeFacebook.”

In its second earnings report as a public company, the San Francisco company showed that it’s still struggling with that fundamental test. Though it more than doubled quarterly revenue to $250 million and bested analyst estimates of $241 million, Twitter’s active user base grew only 25 percent to 255 million, down from 30 percent growth the previous quarter. It also posted another quarterly loss of $132 million, or about 23 cents a share.