Twitter reports disappointing sales


Twitter has reported lower than expected revenue for the first three months of the year, saying that new products sold less well than forecast.

The micro blogging firm warned that it expected the negative impact on its revenue to continue for the rest of the financial year.

The firm reported revenues of 436 million dollars, up 74% year-on-year, but below forecasts.

It also reported a net loss of 162 million dollars, an increase from the same period a year ago when it lost 132.4 million dollars.

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