Twitter misses ad revenue and user growth estimates in Q4

Still, Twitter said it made 'meaningful progress' toward its goal of reaching 315 million users and $7.5 bn in annual revenue by the end of 2023

Twitter Inc reported weaker-than-expected quarterly advertising revenue and user growth on Thursday and forecast revenue short of Wall Street targets, indicating that a turnaround plan has yet to bear fruit for the social networking site.

Still, Twitter said it made "meaningful progress" toward its goal of reaching 315 million users and $7.5 billion in annual revenue by the end of 2023, and said user growth should accelerate in the United States and internationally this year.

Twitter has been pursuing big projects such as audio chat rooms and newsletters to end long-running stagnation and attract new users and advertisers. But the quarterly results