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Home / Business / Twitter share crashes 15% after deleting fake accounts

Twitter share crashes 15% after deleting fake accounts



  Jack Dorsey: Twitter shows the best and worst of democracy

The number of Twitter users fell in the three months to June as they clean up the platform and adhere to new privacy policies. The network reached 335 million users worldwide in the second quarter on Friday, compared to 336 million users in the previous quarter. English: www.germnews.de/archive/gn/1
999/12/12.html. Also, the number of monthly users could in the third quarter by "mid single-digit million" decline, warned Twitter.

The company partly attributed the decline to "decisions we made to prioritize the health of the platform" and, to a lesser extent, compliance with the all-embracing new data protection regulations in Europe.

The stock fell more than 15% on the pre-trading session on Friday after beating earnings before rebounding somewhat.

In a conference call with analysts, CEO Jack Dorsey said Twitter would continue to invest heavily in improving platform health, calling it "the right thing for the business" and "for the society as a whole." "

" We believe that the value of Twitter as a daily service is enhanced when the conversation on the platform is healthier and people feel safer expressing themselves, "said Dorsey.

Twitter [19659009] ( TWTR ) Inventories nearly doubled this year as the company shows signs of business reversal, the very first batch of profitable quarters, and renewed user growth and ad sales.

Related: Justin Bieber and Katy Perry among Twitter users hardest of follower flushing

But markets were nervous ahead of Friday report after rivals Facebook ( FB ) ] scared the Investors, warning of a slowdown in revenue growth in the second half of the year as they focus on "prioritizing privacy."

Twitter has experienced i In recent months, he has focused on protecting the service by examining his role in disseminating counterfeit news and voter involvement, as well as the wider violation of data protection in the tech industry. It has pushed for fake accounts, cleaned up suspicious accounts of follower metrics, and removed 143,000 apps in the last quarter for violating its policies.

Like Facebook, Twitter is committed to complying with the General Data Protection Regulation, which came into force in Europe in the second quarter. The company said in April that monthly active user growth could be "negatively impacted" by the new rules.

Although user numbers are alerting investors, Twitter's business remains strong. Revenue in the quarter increased 7% to $ 711 million, up 24% over the same period last year, and the third profitable quarter in a row.

CNNMoney (New York) First published on July 27, 2018: 7:05 AM ET


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