Twitter shares are down more than 24% today following the release of the social media network's first quarterly earnings statement since its initial public offering.
Shares closed at $50.03. Shares had traded above $66 the day before.
Although the company reported earnings of $0.02 per share — above analysts' consensus estimate of a loss of $0.02 per share — and revenues came in at $242.7 million (also above expectations), investors are honing in on weak user growth.