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New York – Twitter shares fell by more than 20.5%, after the social media networking company announced a decline in the number of monthly active users.
Twitter has 335 million monthly active users in the second quarter of this year. This figure, down from a million compared to the first quarter. The achievement, according to Wall Street forecasts of 339 million active users.
Twitter said that the number of monthly active users is expected to decline again in the next quarter. The reason is that they continue to ban accounts that violate the terms of service and make other accounts less visible.
Twitter itself says, will give priority to long-term stability over the growing number of users. However, the move is considered difficult for investors in the valuation of the company. Investors are turning to the data of potential users that can be reached by the platform.
Twitter shares fell to 34 dollars 12 cents in trading Friday (27/7). The decline in prices has occurred, although the Twitter side reported higher earnings growth than expected.
Source: Reuters, VOA
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