Twitter shares plunge as user total falls

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naomiwilson001

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User numbers fell to 335 million in the second quarter of the year, down one million from the previous three months.
During the quarter Twitter deleted many fake accounts - a move that chief executive Jack Dorsey said was reflected in the results.
The slide to just under $35 a share came despite Twitter reporting record quarterly profits.
It posted a profit of $100m, marking Twitter's third consecutive quarter in profits, with sales up 24% to a better-than-expected $711m.
Under pressure"Our second-quarter results reflect the work we're doing to ensure more people get value from Twitter every day," Mr Dorsey said.
"We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviours that distort and distract from the public conversation."
Tech firms have been under pressure in several countries to be stricter over abusive content and misinformation, or "fake news", as well as political influence and protection of personal data.
Posted 28 Jul 2018

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With a lot of fake accounts used in the social networks, it is really getting difficult to handle all these stuff. I think this is a good move to control the various activities up to a certain limit. hostsailor
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Twitter being a social media platform is nothing comapred to the Internet giants Facebook, Instagram, snapchat and all. While the number of users of all these apps are increasing day by day, the number of users of twitter are decreasing day by day. Deletion of fake accounts on twitter contributes a major share in this. It has lost around 1 million users in the last month which led to the large decline in their revenue
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