Twitter Plunges on Traders’ Fear That User Activity May Slow 

Twitter Inc.’s stock is trending, and it’s not up for sure. Traders fear that Twitter Inc.’s decision to suspend more than one million fake accounts per day will haunt the social platform’s number of monthly active users, sending the stock down as much 8.2 percent Monday as of 10:44 a.m. The share drop follows Friday’s post-market when the Washington Post that said the company’s rate of account suspensions has more than doubled since October 2017. The “volume of fake account deletion, albeit good for longer term, raises uncertainty on near-term user growth expectations,” wrote Bloomberg Intelligence analyst Jitendra …read more

Source:: Yahoo Finance


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