Twitter quarterly loss widens to $167m

Shares in Twitter are set to fall when Wall Street opens after it reported that its fourth-quarter losses had nearly doubled.
Twitter logoThe social networking service reported a loss of $167m (£133m) in the final three months of 2016, as against $90m in the same period a year earlier.
Average active user numbers came in at 319 million for the quarter, 4% up on a year earlier.
Fourth-quarter revenues were $717m, 1% up on last year's $710m.
It was the company's slowest quarterly revenue growth since it became a publicly listed company in November 2013.

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