Dismal Twitter Forecast Sends Stock Lower

October 27, 2015 8:50 PM

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Dismal Twitter Forecast Sends Stock Lower

SAN FRANCISCO — Twitter, the social media company, gave investors a dismal forecast Tuesday for its fourth-quarter revenue and profits, sending its stock plunging more than 10 percent in after-hours trading.

The forecast, delivered as the company exceeded projections for its third-quarter results, suggests that Twitter is failing to gain traction with advertisers, the source of most of its revenue, amid stiffening competition from Facebook, Instagram and Google.

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