By John Glenday

Twitter’s struggle for stronger earnings growth has taken a knock after a leading US ratings agency downgraded its debt to ‘junk’ status.

Standard & Poor’s made the move sent Twitter’s shares falling 6 per cent on the New York Stock Exchange as investors digested its ramifications.

It comes as the micro blogging platform continues an aggressive acquisitions strategy despite a failure to fully monetise its platform, rankling many who wonder when, if ever, the site will deliver on its promise of a profits bonanza.

In a note accompanying their decision S&P observed: “The company is investing very aggressively in growth. Depending on the Read full story ›

Source: The Drum