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Twitter Falls After Warning Growth Pace Will Slow This Year

  • Earnings beat estimates and validate nascent turnaround
  • But tough to compete with last year’s broad-based recovery
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Bloomberg’s Selina Wang and Darren Chervitz of Jacob Asset Management analyze Twitter’s first-quarter earnings.(Source: Bloomberg)
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Twitter Inc. fell after warning that the pace of revenue growth will slow.

While beating earnings estimates for the first quarter, the social media company said it would be difficult to produce growth rates in the second half of the year that top those of 2017, when a broad-based recovery began. As a result, revenue growth will resemble that of 2016.