Twitter's first-quarter earnings fall short of expected revenue

Twitter announced Tuesday that it failed to meet expected revenue for the first quarter of 2016 As a result, shares of the social media company plunged more than 10% in after-hours trading to less than $16 Twitter fell roughly $13 million short of its $607.8 million in expected revenue The San Francisco company reported earnings of 15 cents per share on $594.5 million