Forecasts from Twitter, flat user growth send stock diving

San Francisco

JACK Dorsey, the co-founder and newly returned chief executive of Twitter, seems to be quite adept at scaring investors.

On Tuesday, Twitter gave a dismal forecast for its fourth-quarter revenue and profits. Shares in Twitter, a social media company, plunged as much as 13 per cent in after-hours trading as Mr Dorsey and his lieutenants offered little explanation for the gloom in a conference call with investors. In a similar call three months ago, Mr Dorsey's pointed critique of Twitter's product failings sent the stock down 11 per cent.