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Twitter shares dive on word of growth challenges

/ 05:55 PM July 29, 2015
Twitter

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SAN FRANCISCO, California–Twitter shares hit the slide on Tuesday as executives warned that the messaging service’s path to mainstream popularity would be a long one.

Shares first leapt shortly after the release of second quarter financial performance figures that topped market expectations.

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But then they plunged after executives discussing the earnings said that while most people know what the service is, only a fraction of those people use it.

“We will take the necessary time to build a service people love to use every day,” Twitter co-founder and interim chief executive Jack Dorsey said during an earning call.

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“We realize it will take a lot of time.”

TOPICS: Earnings, Information Technology, IT, Social Media, technology, Twitter
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