Skip to content
Subscriber Only

Twitter Shares Slump as Executives Say Growth Will Take Time

Video player cover image

Dorsey's Candid Comments Sink Twitter Shares

Updated on

Twitter Inc. executives had a clear message for investors on Tuesday: We have a lot of work to do, and don’t expect great progress anytime soon.

After reporting quarterly sales that topped estimates, interim Chief Executive Officer Jack Dorsey and Chief Financial Officer Anthony Noto struck a critical tone, saying user growth won’t improve until the social-media company reaches a mass market -- something that will take a mixture of product improvements and marketing. The company’s efforts so far have had minimal success, they said. Shares dropped 11 percent in extended trading, after climbing as much as 12 percent following the earnings release.