The social networking site, Twitter has fallen more than 19% on Friday, investors are worried about the downfall in the number of users, in the aftermath of the dramatic drop of Facebook (-19%).
On Friday, the action of the blue bird dropped to 34.75 dollars, in a market slightly down (-0.11%). This reaction is indicative of the Facebook’s results on Thursday, with the world’s largest social network losing 19% in a single session, reported byReuters.
Twitter was able to publish Friday a historic profit of $ 100 million, the third quarter in a row in the green after more than a decade of losses, the eyes focused on the attendance of the platform.
“Our second-quarter results reflect the work we’re doing to ensure more people get value from Twitter every day,” Mr Dorsey, co-founder said.
“We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviours that distort and distract from the public conversation.”
The number of monthly active users, each quarter of the social network fell by one million, to 335 million, while the market was expecting a slight increase. In the papers published during the conference call on Friday, the leaders indicated and linked this downfall because of the multiple plans of reorganization and cleaning the platform.
“The market was buoyant and prices are adjusting to more moderate expectations,” said Daniel Ives, head of strategy at GBH Insights.
Twitter has been cleaning up since the beginning of the year to try to get rid of users who try to use this channel for propaganda purposes or to remove an economy of fake accounts and false subscribers.
Almost 10 millions of user IDs have been detached for the same reason, while chief financial officer Ned Segal says that the people removed were not active, not integrated in the monthly active user population.
Twitter is also looking to streamline the operation of its platform for users, who sometimes have trouble sorting effectively in the stream that flows on their thread.