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Following the publication of its results, the title lost 20.5% at the closing of the New York Stock Exchange, in a similar movement to the social network Facebook, Thursday.
Twitter microblog site lost more than 20% Friday in New York, investors worried about the decline in the number of its users, after the spectacular drop of Facebook, which showed a similar drop on Thursday.
At the closing of Wall Street, the group action dropped 20.56% to 34.12 dollars, in a market slightly down
This reaction is reminiscent of the one following Facebook's results on Thursday, with the action of the world's largest social network losing 19% in one sitting.
See also:
Facebook: a loss of astronomical capitalization
Twitter may well have published Friday a historic profit of $ 100 million, the third quarter in a row in the green after more than a decade of losses, the eyes focused on the attendance of the platform.
The number of monthly active users, parameter published quarterly by the social network, fell by one million to 335 million, while the market was expecting a slight increase.
"contrary winds" [19659004] In the documents released on Friday and during the conference call, the group's leaders linked this backdrop to the multiple streamlining and clean-up initiatives of the platform.
Twitter has been cleaning up since the beginning of the year to try to get rid of users attempting to use this channel for propaganda purposes or to prosper through the economy of false accounts and false subscribers. [196] 59005] Tens of millions of accounts have been removed for this purpose, even though Chief Financial Officer Ned Segal said on Friday that they were inactive users, not counted in the monthly user population. 19659013] Read also:
The Facebook slowdown severely sanctioned by the markets
Twitter is also looking to streamline its platform for users, who sometimes have trouble sorting through the flow that flows on their threads.
"We want people to feel free to express themselves, safe " badured Mr. Dorsey Friday.
But patience is not the first of the characteristics of the stock markets, which mainly retained on Friday the fall of the number of users
They had already had a heavy hand with Facebook the day before, after the publication of forecasts deemed pessimistic and an increase in the number of users below expectations.
"The market was packed and prices adjust to more moderate expectations " According to Daniel Ives, head of strategy at GBH Insights.
For him, it is mainly the result of the new pressure put on the r social networks to provide more security for their users, following the scandal Cambridge Analytica and the implementation of the European Data Protection Directive (RGPD). "This created headwinds" he says, which erode the ability of these societies to grow.
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