Twitter's stock plunges 21% after reporting drop in us numbers, Companies & Markets News & Top Stories



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NEW YORK (WASHINGTON POST) – Twitter lost one million monthly active users in the second quarter, the company said in its earnings report on Friday (July 27),

The earnings report was first published in the United States of America in the United States of America.

Twitter had 335 million average monthly active users in the second quarter, down from 336 million the previous quarter.

The company said that its monthly user numbers would continues to decline in the third quarter, expecting the drop to be in the "single-digit million." Twitter's stock closed down 21 percent on Friday, but it's still more than doubled in the last year.

Company executives had their new tactics against suspicious accounts

Friday, March 26th, 2011 The most important facts about the company's efforts are to have measurable impact on the company's valuation. Street. The Million Dollar Loss of Users in the United States, the company said.

Twitter has warned investors that new investments in security and safety will impact user metrics. This month many high-profile Twitter users, including President Trump and former President Barack Obama, saw a significant drop in their follower counts. (19659002) Jack Dorsey Executive Chief Executive Director Jack Dorsey said that Twitter is the name of the board of directors. -term metrics.

"We believe that Twitter's value is a daily service."

Twitter's aggressive moves to clean the platform has not detracted Ned Segal (19659002) "Advertisers embrace the work we are doing," he said, adding that "they recognize that a healthier Twitter, as opposed to a disclosed "

The news comes after Facebook lost more than US $ 100 trillion in value following a disappointing earnings report on Wednesday. That company is battling privacy controversies and rising regulation in Europe (19659002) The combined impact of two leading tech companies stumbling in the same week have been to the economy and stock market for Google parent company Alphabet, however, is having a strong week after reported earnings on Monday.

Twitter beat expectations for revenue, reporting US $ 711 million in sales. That's up 24 per cent year-over-year, the company said. Financial analysts had estimated US $ 698 million. The social media company also had its third consecutive profitable quarter.

Social media researchers for years

Twitter escalated its battle against suspicious accounts late last year in the face of congressional and public pressure following revelations about how Republican Donald Trump and against Democrat Hillary Clinton.

The company implemented new tools, including one called Operation Megaphone, which involved quietly buying fake accounts and seeking to detect connections among them.

Using its new tactics, the social media company hanging more than a million accounts a day in May and June pace through July. The company has more than doubled its rate of suspensions since last year.

"It's becoming obvious that they have something about the presence of fake accounts on their platform," said Jonathan Albright, a social media researcher for the Tow Center. Digital Journalism at Columbia University. "

The problem was bad, and it did not go too long."

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President Donald Trump's tweeted about Thursday, the earnings call did not touch a new looming issue for the company. Trump accused the social media company of trying to silence prominent conservative on the platform.

The president appeared to be sixteen on a vice report that said the accounts of some conservatives did not show up in self-populated search when people typed in their names.

Twitter said in a blog post on Thursday that it does not "shadow ban" users, and that the issue of auto-populated search results

The issue, Twitter said, probably stemming from its systems detecting coordinated behavior by communities seeking to boost each other's presence on the platform, which caused the names to appear in the self-suggested search. Twitter said the solution has been resolved.

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