Twitter’s growth seen hinging on luring advertisers

Photo illustration of Twitter logo in front of stock graph(Reuters) – Twitter Inc's slowing revenue and user growth has raised further doubts about its ability to entice advertisers to spend more on its platform – at least in the near term. Twitter's market value fell by a fifth, or about $ 5 billion, on Tuesday after its disappointing first-quarter results were released in error an hour ahead of schedule. At least 15 brokerages cut their price targets on the stock. "…Simply put, advertisers aren't willing to bid up or spend as much with TWTR as expected," RBC analysts said in a research note, cutting their price target to $ $ 47 from $ 54.



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Posted by on Apr 29 2015. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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