Friday, 27 July 2018

Shares in Twitter fallen close to 20% after messaging platform reported fall in active users

Shares in Twitter have fallen close to 20% after the messaging platform reported a fall in active users.

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.

BBC        News.

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