Twitter's stock falls sharply on Wall Street



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Facebook Thursday had the worst day of its history in the markets. The value of the company fell $ 119 billion due to the 19% drop in Wall Street shares.

This Friday, it is the turn of another social network, Twitter, which has suffered a significant decline to report that its user base has declined in the second quarter.

At the opening of the market, the company's shares fell 15.5% to $ 36.26 after they lost more than 20% in operations before the session.

Twitter reported gains of $ 100 million between April and June, compared with a loss of $ 116 million in the same period of 2017.

Adjusted net earnings per share, the benchmark for investors, was 17 cents, in line with badysts' expectations.

In addition, the San Francisco-based company recorded a 24% increase in its annual business turnover, up to $ 711 million, driven primarily because of revenue growth in outside the United States, which climbed 44%.

However, another data hits the stock. In its results for the second quarter, Twitter reported that its monthly active user base fell to 335 million with a decrease of one million users compared to the first quarter of the year.

is produced after the social network has purged fake accounts and measures against the "bots" that manipulate the platform.

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