NEW YORK (TheStreet) -- Shares of Twitter (TWTR) continue to decline, down 2.68% to $40.73 in afternoon trading Monday, after Standard & Poor's labeled Twitter with a junk-level credit rating late last week.
The financial services company cited risk that Twitter could still be several years away from the bottom-line results investors want to see.
The social media company outlined some of its plans to attract new users at its analyst day last Wednesday. CEO Dick Costolo said at the event the company would reveal new products to bring in new users and others who don't typically pay attention to Twitter as it tries to reach others outside of its normal user base, according to Bloomberg.
Part of this plan is to release an "instant timeline" to "remove all that friction for new users," Bloomberg reported. This will allow people to see what's happening on Twitter without having to follow anyone.
Costolo added the company is working on new mobile apps besides Vine. He also noted more than 500 million people visit Twitter each month without logging into the site.TWTR data by YCharts