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By Meredith Mazzilli
NEW YORK (Reuters) – Twitter Inc. on Friday said it lost 1 million active users from the previous quarter and warned The most watched figure in the history of the world, the largest one-day decline in its shares since 2016.
The company said the work was doing to clean up Twitter
Allegations of Russian meddling in the 2016 US election by spreading misleading or divisive content over social media has made the issue of improving the quality of the world and the importance of Twitter
Twitter, like bigger rival Facebook has been under p
The user looks forward to receiving more information about the world. Cup, video ads and international booming ad revenue.
The World Cup brought in $ 30 million of revenue in the quarter. The Chief Financial Officer Ned Segal told badysts that the event, which was carried out in the second quarter of the year.
Twitter raised its 2018 capital expenditure forecast and said adjusted EBITDA margins in the third quarter would be Below the second quarter.
Twitter shares tumbled 19 percent to $ 34.75 in afternoon trading, marking their biggest one-day drop since Oct. 6, 2016.
The drop echoed that of Facebook on Thursday, when its shares ended [19129003] Twitter executives answered
Twitter: http://www.wikimedia.com
Revenue of $ 711 million to be paid for in the past year. [Chief Executive Officer Jack Dorsey] [Executive Director Jack Dorsey] [Executive Director Jack Dorsey] a daily utility. The company does not disclose daily users.
Segal said the efforts to improve accounts along with other factors had a negative impact on monthly activists of 3 million in the quarter, which compared with the 1 million net decline, but added that efforts
Twitter said in a blog post in early July that we'd be out of accounts because we would not hurt metrics because the accounts would mostly be inactive
] FEWER MONTHLY ACTIVE USERS
Monthly active users fell by 1 million in the second quarter of the first to 335 million. Analysts expected a gain of 1 million users, and the results of this study (19659003) "We are making active decisions to improve the quality of our products. that may drive more use of Twitter as a daily utility, "the company said in a shareholder letter. Twitter refers to platform "health" when describing the spam and other issues.
Twitter said the decline in the third quarter would be in the mid-single-digit million, suggesting a sequential decline to around 330 million users. Analysts had expected 340 million monthly active users in the third quarter, according to Thomson Reuters I / B / E / S.
Twitter 's relations with advertisers have been strained by the concerns about phony accounts by users to boost their following. [19659003Profitwas$100millionwitha$42millionboostduetoataxbenefitNon-GAAPearningsof17centspersharewerein-linewithestimates
"Investors are overreacting to (monthly active user) trends," BTIG badyst Richard Greenfield said about the share fall. "This is an identical overreaction that we saw in last year's Q2."
Twitter said it lost some users due to the introduction of the General Data Protection Regulation in Europe in May
The new capital expenditures forecast is for between $ 450 million and $ 500 million. , up from $ 375 million to $ 450 million, as Twitter expands and upgrades the computer infrastructure underlying its service.
Twitter has said, increased video programming, including news shows
(Reporting by Meredith Mazzilli, additional reporting by Munsif Vengattil, Editing by Peter Henderson, Edmund Blair and Nick Zieminski)
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