Life360 shares fall nearly 16 percent due to slower user growth and AI fears

Family tracking app Life360 has warned that user growth will be slower this quarter, increasing fears about the software company’s business model, which is already under threat from artificial intelligence companies.

Shares in the ASX-listed Silicon Valley-based company fell 16 percent to $20.74 on Tuesday after chief executive Lauren Antonoff warned that user growth this quarter would be slower than in the previous three months.

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