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Twitter stock plunges on slowing user growth

Published Wed, Apr 30, 2014 · 10:00 PM
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San Francisco

TWITTER Inc's slowing user growth has pushed the stock to the lowest since last year's market debut.

The company said on Tuesday that membership in the first quarter reached 255 million, with growth decelerating to 25 per cent from 30 per cent in the previous period. The stock plunged as much as 11 per cent even as sales more than doubled to US$250 million, topping analyst estimates.

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