Twitter dives after update disappoints

Twitter shares took a fresh hit Tuesday after its quarter update showing more losses, and sluggish growth in revenues and the user base of the social media platform. Shares were down nine percent in after-hours trade after the report, which showed Twitter's loss narrowed to $107 million in the second quarter from $136 million a year earlier. A Twitter co-founder, Dorsey returned to the CEO job last year in a bid to boost growth and user engagement, with its shares slumping on concerns that it is