(REUTERS / NYSE) – Investors not aflutter over Twitter’s results. The social network’s quarterly revenue grew at its slowest rate since going public in 2013. Revenue inched up just 1 percent, and ad revenue fell amid growing competition. What’s more, it warned that ad revenue would continue to be sluggish this year. Analysts say advertisers are shifting to Facebook. Twitter’s loss widened.
But Wedbush Securities analyst Michael Pachter said, “The shocking part is that the Trump effect was zero. Their growth actually slowed during the quarter.”