Twitter Narrows Loss, Adds Users and Misses Revenue Forecast - The New York Times

This will probably look even worse when Facebook releases its latest quarterly earnings this afternoon

"For all the issues that Twitter has grappled with over the last few years — the slowdown in user growth, a revolving door of executives and confusion over how to use the social media service — it has had one constant pillar of strength: a bulletproof advertising business.

Now add that business to Twitter’s growing list of problems.

On Tuesday, Twitter reported revenue of $595 million for the first quarter — which was below Wall Street estimates — and said that marketers were not spending as quickly on ads on the service as it had anticipated. That trend line may not reverse anytime soon; the company, based in San Francisco, is also projecting sales in the second quarter that are below analyst expectations."

Twitter Narrows Loss, Adds Users and Misses Revenue Forecast - The New York Times