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Thursday, February 6, 2014

Twitter (TWTR) plunges 24% after its first earnings report on Wed February 5, 2014

Twitter plunged 24% Thursday after the social media specialist released better-than-expected quarterly results, but worried investors with decelerating monthly active user growth.

The company was valued at $35-$40 billion before the earnings release but lost nearly $10 billion of the company’s market value as investors sold on concerns about the slow user growth reflected in Twitter’s report.

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