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Twitter will stop reporting active user metrics, stock plunges

Twitter shares tanked nearly 10 percent Thursday after the company warned of weaker-than-expected revenue and said it will stop reporting its closely watched monthly active user metrics. Investors’ concerns over the weak forecast overshadowed strong fourth-quarter results for the social media company that included a 24 percent jump in total revenue, helped by growth in its video advertising business. Monthly active users totaled 321 million in the fourth quarter, in line with analysts’ forecasts but down from 330 million a year earlier and 326 million in the third quarter. Starting in the current quarter, Twitter said it would stop disclosing the number of monthly active users, a statistic internet companies have routinely report ...