Twitter Shares Tumble After Virus Spurs Advertising Sales Rout
- Revenue fell 27% from March 11 through the end of the month
- Company has 166 million users, up 24% from a year earlier
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Twitter Inc. users flocked to the service in record numbers last quarter to stay informed on the global pandemic, but economic fallout from the virus wreaked havoc on advertising, the social media company’s main source of revenue. Shares tumbled.