Declining Active Users Cause Twitter's Shares to Plummet
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Declining Active Users Cause Twitter's Shares
to Plummet Twitter's stock dropped 14 percent on Friday due to a decline in monthly active users. The social media site recorded 335 million users for 2018's second quarter against expectations of
338.5 million. Twitter recently purged tens of millions of fake accounts, but those changes occurred after the close of the second quarter. Full year projections for Twitter also declined compared to last
quarter's estimates, with stock-based compensation expenses ranging from $300 million to $350 million. This is opposed to $350 million to $450 million projected
last quarter. News wasn't all bad as Twitter reported revenue in the second quarter of $711 million against a prediction of $696.2 million.
to Plummet Twitter's stock dropped 14 percent on Friday due to a decline in monthly active users. The social media site recorded 335 million users for 2018's second quarter against expectations of
338.5 million. Twitter recently purged tens of millions of fake accounts, but those changes occurred after the close of the second quarter. Full year projections for Twitter also declined compared to last
quarter's estimates, with stock-based compensation expenses ranging from $300 million to $350 million. This is opposed to $350 million to $450 million projected
last quarter. News wasn't all bad as Twitter reported revenue in the second quarter of $711 million against a prediction of $696.2 million.