Twitter shares fall 19% to $34.58 as monthly users decline by 1 million

The shares plummeted as much as 19 per cent to $34.58, the biggest intraday decline since October 2016

Twitter Inc shares plunged the most in two years after the social media company said monthly users dropped by 1 million in the second quarter from the first and predicted further declines as it continues to fight against spam, fake accounts and malicious rhetoric.
 
Monthly active users were 335 million, San Francisco-based Twitter said Friday in a statement. Though that measure was up 2.8 per cent from a year earlier, the company expects monthly visitors to fall again in the current period. Twitter blamed the projected drop on intensified efforts to clean up the platform, stricter privacy rules in