Jul 27, 2018
Twitter shares fall 18% as number of monthly users slips
A fall in user numbers of public messaging platform, Twitter, sent its shares down 18%. The fall, in pre-market trading, came despite record quarterly profits. The number of people using Twitter on a monthly basis was down by one million on the previous quarter at 335 million. Analysts had predicted Twitter would gain users. "Our second quarter results reflect the work we're doing to ensure more people get value from Twitter every day," he said. Twitter recently removed or suspended a number of accounts, which the firm said was one reason behind the fall in monthly users to 335 million in the second quarter.
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