By Jonathan Davies

The number of people actively using Twitter every month grew by 23% in the third quarter.

The social network said it gained 13 million new users in the period, edging it closer to the 250 million milestone.

Twitter also said sales were up 114% to $361m (£223m), but that couldn't stop it from announcing a $175m loss for the period.

Twitter chief executive Dick Costolo described it as a "very strong financial quarter".

"I'm confident in our ability to build the largest daily audience in the world," he added.

Twitter's shares were down 8% after the news.

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