Twitter loses users and is punished on the stock market

The number of active users on Twitter each month decreased by 1 million in the last quarter. The social media company expects the decline to continue in the next quarter, as announced Friday in the quarterly figures. The share fell 16% shortly after the opening of the New York Stock Exchange.

The number of monthly active accounts increased from 336 to 335 million. Twitter says the decline is partly due to the remediation of the platform. In recent weeks, accounts have been closed by people who claimed to be someone else or who spread spam or hate. Even stricter privacy rules in the European Union have led to "to a lesser extent" that users have left the platform.

The removal of fake accounts and spam is better for the company in the long run, he wrote in a letter to shareholders, because the media would become more attractive to a wide audience. Now Twitter is particularly popular as a platform for politics, entertainment and the media. Investors fear that the platform can not expand further.

Twitter points out in the quarterly figures that the number of Twitter users active each day increases by 11%. The company has not announced how many users.

Sales and profitability improved Twitter. In the second quarter, sales reached $ 711 million, 24% more than the year before. Net income was $ 100.10 million, a loss of $ 116 million a year ago.

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