On Tuesday, Twitter’s ailing position among its peers was
underscored once more when the company reported its worst
quarterly revenue growth ever and only a slight increase in
users for the second quarter. The company also signaled that its
prospects were unlikely to improve in the short term.
Twitter posted revenue of $602 million for the quarter, up 20
percent from a year ago and below Wall Street estimates of $607
million. Its net loss narrowed to $107 million, or 15 cents a
share. Twitter’s users grew 3 percent from a year ago, to 313
Twitter’s advertising strategy has never made sense to me. My gut feeling is that Twitter is not long for this world as an independent company.