Twitter is cutting 9% of its workforce - about 300 jobs - after reporting a sharp slowdown in revenue growth.
In
the three months to September, revenues rose 8% to $616m. That was
better than forecast, but lower than the 20% rise in the previous
quarter.
The number of average monthly active users rose 3% to 317 million.
Last
month, Twitter hired bankers ahead of a possible sale, but bids from
potential suitors such as Google and Salesforce failed to materialise.
No comments:
Post a Comment