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Twitter Sales Forecast Misses Estimates as Dorsey Begins Revamp

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Twitter Inc. forecast fourth-quarter sales that may miss estimates and reported a slowdown in user growth, adding to the challenges facing new Chief Executive Officer Jack Dorsey as he seeks to turn the company around. The shares fell as much as 11 percent. Revenue will be $695 million to $710 million, the San Francisco-based company said in a statement Tuesday. That compares with analysts’ average projection for $741.6 million, according to data compiled by...

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