Twitter reports quarterly loss of $511M, revenues at $242.6M

SAN FRANCISCO - Twitter said Wednesday (Thursday in PHL) it lost $511 million in the fourth quarter, in the first published results since its highly anticipated stock market debut last year.

 

The results showed revenues doubled from a year ago to a better-than-expected $242.6 million, but Twitter shares slid more than ten percent in after-hours trade. — Agence France-Presse