Twitter shares fell by more than 17%

The number of active users per month is also lower than the estimates of StreetAccount and FactSet, revealing a gain of $ 17 million per announced share of $ 335 million. The company's revenues reached $ 711 million in expectations. Twitter shares fell 2.89% on Thursday to close at $ 42.94, before falling back to $ 36.00 before the market opened today.

According to the official statement from Twitter,
2. The quarterly business figure increased 24% year-on-year to $ 711 million, government revenue grew 23% year-over-year to 601 million, from $ 336 million in the first quarter to $ 335 million in the second quarter. In the second quarter of last year, the average monthly number of users was 326 million. The average monthly number of users has risen from 68 million US and 267 million global users. The average daily active user increased by 11% per year.

CASE REDUCTION ACCOUNT CLEANING

Twitter recently worked diligently to remove fake accounts abusing the platform and said that the founders of the company and CEO Jack Dorsey have decreased the number of accounts. ; users.

The company estimates that the platform will decline monthly in the next three months for the same reason

In contrast, Twitter's advertising revenue has steadily increased three-quarters

Jack Dorsey "this shows that the work we have done so that more people use it every day.We want people to express themselves freely and we have developed new tools to handle the problematic behaviors that disrupt the life. public communication environment and affect the environment. "

DHA-BBC TURKISH