Twitter, Inc. (TWTR, Financial) is an online social networking and micro-blogging service. Shares fell as a result of weaker first quarter advertising results and a slower user growth outlook for the second quarter. Twitter is also in the midst of a CEO change, which has further created short-term uncertainty. We decided to move to the sidelines until we can gain a clearer picture of Twitter’s road forward. (Ashim Mehra)
From Baron Funds’ second quarter 2015 commentary.
