Ron Burgundy Posted July 29, 2014 Share Posted July 29, 2014 By Edwin Chan SAN FRANCISCO (Reuters) - Twitter Inc's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its shares soaring after hours. Twitter, which has battled to reverse a steady decline in its once-heady pace of user growth, saw users increase to 271 million, still dwarfed by rival Facebook Inc's 1.3 billion. Wall Street analysts had been expecting a pace of growth closer to 21 percent. Twitter, whose rapid-fire format has proven popular as a companion to major global events, may have enjoyed a boost from the World Cup. View the full article Quote Link to comment Share on other sites More sharing options...
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