Twitter fails to grow user base. Shares tumble. Do either of these matter?

Bloomberg:

Twitter Inc. failed to attract more monthly users in the second quarter, spooking investors looking for evidence that the company is on a sustainable long-term growth path. The shares tumbled the most in nine months, even as quarterly revenue topped analysts’ projections.

A long-term turnaround depends on Twitter expanding its audience. That number stands at 328 million monthly active users.

Twitter has 328 million users. That’s a huge audience, by most standards. If you are an investor, the desire for growth is understandable.

But if you are a Twitter user, does growth matter? Does revenue matter?

As long as Twitter makes enough money to keep paying their bills without completely bastardizing the user experience, neither should matter. The question is, how will Twitter management react to pressure from these spooked investors. Will advertising creep upwards? Will the basic mechanics change in a quest to make Twitter pay?

I hope not. Personally, I’m a fan of the existing model.