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        <title><![CDATA[Twitter shares plummet after user growth falls short]]></title>
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            <media:title type="html">Twitter shares plummet after user growth falls short</media:title>
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						<p>Twitter&#8217;s stock price plunged in premarket trading Friday as the social network added far fewer users than Wall Street expected in the third quarter.</p>
<p>The San Francisco-based tech giant&#8217;s shares were down 15.5 percent at $44.30 as of 7:35 a.m. a day after it reported having 187 million average monetizable daily active users from July to September, an increase of just 1 million from the prior quarter.</p>
<p>The figure marked a 29 percent increase from the same period last year but fell well short <strong>of Wall Street analysts&#8217; expectations</strong> for 195.2 million users.</p>
<p>Twitter also predicted a rocky three months ahead as it navigates the presidential election and scrutiny of its attempts to limit political disinformation, which drew fire from Republicans at a heated Senate hearing this week.</p>
<p>Twitter&#8217;s third-quarter revenues climbed 14 percent from last year to $936 million, but the company said it&#8217;s &#8220;hard to predict&#8221; how advertisers might react as the contentious election nears.</p>
<p>It noted that many brands paused or slowed down ad spending amid the anti-police brutality protests that swept the nation in May and June.</p>
<p>&#8220;The period surrounding the US election is somewhat uncertain, but we have no reason to believe that September&#8217;s revenue trends can&#8217;t continue, or even improve, outside of the election-related window,&#8221; chief financial officer <strong>Ned Segal said on a call</strong> with investors Thursday.</p>
<p>Twitter also expects its costs and expenses to grow close to 20 percent in the fourth quarter because of increased investments that it had intended to make before the COVID-19 pandemic struck.</p>
<p>Twitter&#8217;s earnings report came a day after Sen. Ted Cruz <strong>ripped CEO Jack Dorsey</strong> over the company&#8217;s handling of The Post&#8217;s articles about Hunter Biden, the son of Democratic presidential candidate Joe Biden.</p>
<p>Twitter locked The Post out of its primary Twitter account and blocked users from sharing the links to articles based on emails from a laptop that reportedly belonged to the younger Biden. The platform later lifted its blockade on the links but continues to prohibit The Post from tweeting from its main account.</p>
<p><em>With Post wires</em></p>
			
					
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                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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