One day after Facebook set the record for the single largest loss in a trading day to the tune of $120 billion, Twitter is following the downward spiral of its social media counterpart. Twitter shares closed Friday 20% lower after the social media computer reported a declining active user base. The company reported Friday that the total number of users fell to 335 million in the second quarter of the year, a whole million lower than the previous three months.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Stock price of <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a> down ~18.6% at noon EDT. <a href="https://t.co/6lzBfiVGAv">https://t.co/6lzBfiVGAv</a> <a href="https://t.co/asHjHYA1C7">pic.twitter.com/asHjHYA1C7</a></p>— Steve Herman (@W7VOA) <a href="https://twitter.com/W7VOA/status/1022874456056901632?ref_src=twsrc%5Etfw">July 27, 2018</a></blockquote>
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Related coverage: <a href="https://thegoldwater.com/news/32463-Facebook-Stock-Takes-Record-Setting-120-Billion-Loss#32469">Facebook Stock Takes Record-Setting $120 Billion Loss</a>
Twitter CEO Jack Dorsey attributed at least some of the decline in active users to the deletion of many fake accounts. The 20% drop in share value came despite the company reporting good quarterly profits. In fact, Twitter made a profit of $100 million, making it the company's third consecutive profitable quarter. Twitter sales are up 24% but the massive drop in stock price of the social media giant Facebook may have had a negative impact on Twitter's own share value.
Twitter shares slid to just under $35 a share with sales up 24% to a higher than expected $711 million. "Our second-quarter results reflect the work we're doing to ensure more people get value from Twitter every day," Dorsey said in an attempt to reassure shareholders. "We want people to feel safe freely expressing themselves and have launched new tools to address problem behaviors that distort and distract from the public conversation."
Related coverage: <a href="https://thegoldwater.com/news/32389-Brazil-Facebook-Bans-Conservative-Political-Group-Just-Before-Election#32431">Brazil - Facebook Bans Conservative Political Group Just Before Election</a>
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">I urge every <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a> user who has had an acoount shadow banned to sell all stock holdings in <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a>. Hit these creeps in their stock value. It’s the only way to fight this bias. We fought <a href="https://twitter.com/facebook?ref_src=twsrc%5Etfw">@facebook</a> (stock down) and <a href="https://twitter.com/CNN?ref_src=twsrc%5Etfw">@CNN</a> (ratings down) and won. It works! <a href="https://twitter.com/Twitter?ref_src=twsrc%5Etfw">@Twitter</a> next.</p>— James Woods (@RealJamesWoods) <a href="https://twitter.com/RealJamesWoods/status/1022488663559745537?ref_src=twsrc%5Etfw">July 26, 2018</a></blockquote>
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Tech companies have been taking it upon themselves to regulate content without government oversight which has led to a massive imbalance of viewpoints and even censorship. Many people are not happy with social media's recent crusade against "Fake News" since companies like Facebook are using the move as an excuse to purge conservative, pro-gun, and Trump supporters from their platforms. Public figures like James Woods have been especially vocal in criticizing Twitter and the respected actor called for users who have been shadow banned to sell their stock in the company.
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twitter and facebook broke a business 101 rule by mixing politics with business. their fake-news tribe is next. do a youtube search for: "The Jews Who Own The Media". of course the JEWS at youtube have blocked comments and give a WARNING to this truthful video.
an enlightened Generation learning to be less Public Drama Queen and more close-hold with personal private data?
It seems given the EU's New Privacy Law restricting how a users data is sold, traded and used , coupled with being outed as Liberal Agenda Agents and Privacy Spies has not helped their Business Model.
So likely by Q1 2019 earning will pick back up, AFTER the business operational model has been adjusted to account for the 40+% cut in data mining sales and political agenda adjustments for the massive Liberal loses this mid-term.