Twitter's Stock Plunges On Weak User Numbers

<p>Twitter's stock plunged 20.5 percent after the company said monthly users decreased in the second quarter.</p>

Friday, July 27th 2018, 4:29 pm

By: News 9


Twitter's stock plunged 20.5 percent after the company said monthly users decreased in the second quarter.

The social media company also predicted further declines in the next few months.

It was the second-biggest loss for Twitter's stock since the company went public in 2013.

In percentage terms, the decline was slightly worse than Facebook's plunge the day before, but Facebook is a far more valuable company.

Twitter and Facebook are trying to reduce the amount of abuse and hate speech on their platforms, but that's affecting their growth, one of the things investors value the most.

Twitter has doubled in value over the past year as it became profitable for the first time and investors applauded its live video efforts.

logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News 9 delivered right to your inbox!

More Like This

July 27th, 2018

March 22nd, 2024

March 14th, 2024

February 9th, 2024

Top Headlines

March 28th, 2024

March 28th, 2024

March 28th, 2024

March 28th, 2024