Microblogging site Twitter has reported a net loss of $645m (£396m) for 2013, just three months after its flotation on the New York Stock Exchange.
Twitter was valued at $18bn when it floated on the New York Stock Exchange in November.
The loss was expected by analysts, who highlighted Twitter’s revenues, which rose 110% last year to reach $665m.
Twitter brings in money largely by selling advertising space and data on tweeting habits.
Investors are hoping that business will begin generating profits as the company continues to grow.
Agencies
