Twitter revenue growth slows to 1% as ad sales drop

(Telecompaper) Twitter reported a further slowdown in revenue growth in the fourth quarter, as the company struggles to attract ad spending. Sales rose just 1 percent year-on-year in Q4 to USD 717 million, as growth in advertising revenue came to a halt. Ad revenue dipped to USD 638 million versus USD 641 million a year ago. Twitter said it expects revenue growth to continue to lag audience growth in 2017 and is working on refining its product to restore sales.