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The "Twitter" price fell by 14% today, when Wall Street opened, after announcing the quarterly results of the social network, which showed a slight drop in the number of people. # 39; s users.
Shortly after the start of trading on the New York Stock Exchange, the stock price fell 14.28% to $ 36.80. It was down more than 20% in the electronic exchanges that preceded the official opening of the stock market.
Twitter reported profits of $ 100 million in the second quarter, after a loss of $ 116 million a year ago, with revenues up 24% to $ 711 million.
The company, based in San Francisco, said its monthly active users decreased by 1 million, compared with the previous quarter to 335 million in a campaign to counter the counterfeit accounts.
and predicts that the number of users will decrease after the current quarter.
It stated that the decrease was due to "giving the platform priority correction" and, to a lesser extent, to European data protection systems that limit the ability of Internet companies to manage user data.
Executive Director Jacques Dorsey confirmed that the results reflect the investment in Twitter's "long-term soundtrack", citing efforts to end inappropriate behavior.
The price of the action "Twitter" has increased more than twice last year, because of the indicators of sustainable profits after years of repeated losses.
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