Twitter Shares Plunge 16% After User Numbers Slip

Twitter said its number of monthly users fell in the second quarter, and will likely continue to drop as it shuts down fake accounts, sending the company’s stock tumbling 16% in early morning trading. The number of monthly active users dropped to 335 million in the quarter, a decrease of more than 3 million in the quarter. The company said its decision to remove spammy and suspicious accounts, while dragging down its metrics, were important to improving the quality of conversation on the social media platform.
Read more: https://deadline.com/2018/07/twitter-shares-plunge-16-percent-after-user-numbers-slip-1202434912/?source=Snapzu