Twitter loses 20% before the opening of the stock market because of the withdrawal of users

The actions of the social network Twitter They have dropped below 20% in operations before the year. Friday's opening session on Wall Street after the company reported that it has decreased its user base in the second quarter.

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

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

The San Franscisco-based company reported a 24% increase in revenue from the prior year, reaching $ 711 million, mainly due to revenue growth outside of the same period. United States. repaired 44%.

After falling by more than 20% after the publication, Twitter's action dropped 10.50% to 38.43 dollars around 1300 GMT, while the market was expected to rise slightly of the opening (+ 0.44%)

In its second quarter results, 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.

The decline occurred after the social network purged fake accounts and measures against the "bots" that manipulate the platform.

However, Twitter's chief financial officer, Ned Segal, said the weak in recent months, tens of millions of accounts suspected of spreading false information had not influenced the evolution of the number of monthly active users because they were almost inactive accounts.

Twitter CEO Jack Dorsey attributed the slight decrease in part to the coming into force in May of the General Data Protection Regulation (GDPR).

In addition, Dorsey added that the results reflect Twitter's "long-term health" investments, and emphasized in efforts to eliminate violence and inappropriate behavior in the network.

"We want people to feel safe to express themselves, and that's why we have introduced new tools to solve the problems