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By Selina Wang
Twitter shares plummeted the most in two years after the social media company reported that monthly users fell by a million in the second quarter of the first quarter and predicted to further declines while she continues to fight Spam
The woes of Twitter's user are similar to those of Facebook, which was also undermined by manipulation, accounts of robots and turmoil of the growing influence of social media in culture.
Twitter general manager Jack Dorsey said his priority was to reduce abusive conversations on the platform and that his machine-learning algorithms identified more than nine million spam or potential automated accounts per week.
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Although this measure increased 2.8% over the previous year, the company expects monthly visitors to fall again in the period current.
Twitter has accused the projected decline in intensified platform efforts, stricter privacy rules in Europe and changes in the way its service is being used by SMS.
"We are convinced that this is in the long-term best interest of the platform and will enable long-term growth – the health of the public conversation on Twitter" and reallocate resources, including those used to prepare for changes in data privacy in Europe, said Twitter in a note to shareholders accompanying the earnings ase.
The market did not seem to want to wait. Shares closed down 20%, the largest decline since October 2016.
It is now worth 26.97 billion dollars (23.06 billion euros).
Twitter announced a net profit for the third consecutive quarter, which contributed to However, the company reported a profit before interest, tax, depreciation and amortization of $ 235 million (201 million). 39; euros) in the third quarter, below average badysts' estimate. The large number of deletions has raised concerns among investors that Twitter, which is the preferred communication tool of US President Donald Trump, can not attract a more general audience to complement the politicians, artists and journalists who are among
The company, however, said that the vast majority of malicious accounts are inactive or captured before being counted among active users.
Some badysts have seen the purge as a good sign.
Bl Oomberg
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