The long-pending 140 character restriction specific to the Direct Messages has been removed to encourage more private conversations.Emmanuel Dunand/AFP/Getty Images
Twitter Inc. shares lost more than 13 percent in early trading Wednesday in the wake of its Q2 earnings report, despite the fact that the microblogging site revealed better than expected revenue. Disappointing user growth is what sparked the selloff. The numbers were up 2.6 percent to 316 million users, but that missed analysts' expecations.
Twitter’s stock initially surged following its earnings announcement Tuesday evening. But once interim CEO Jack Dorsey and CFO Anthony Noto laid out the growth problems the company faces, the stock quickly reversed its gains, plummeting in the hours following.
