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Twitter plunges 20.5% in stock market after announcing decrease of users

Twitter shares plunged 20.5% today at the end of the session on the New York Stock Exchange, after the company presented its results and announced a decrease in the monthly number of active users.

The decline is the second largest suffered in a single day by the social network since it began trading on the market and the worst since 2014.

The fall adds to that suffered the previous day by Facebook, which was almost 19% after presenting its quarterly accounts and lived its worst day since it went public.

Today, investors also reacted negatively to the accounts released by Twitter, even though the company maintained profits in the second quarter of the year and earned an accumulated 161 million dollars in the first half of 2018.

Those gains contrast with the losses of 178 million he had in the same period of the previous year.

According to analysts, among the data that contributed to the drop in stock market highlights the loss of one million monthly active users, up to 335 million, announced by the social network.

In May and June, Twitter eliminated about 70 million accounts, in an attempt to improve content on its platform, but according to the company, most of those accounts were not included in its user statistics, since those users had not been active for at least a month.

The company also announced that it expects the number of users to fall again in the coming months, which investors did not like, which especially value the growth in this type of platform.

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