Twitter's shares fell by 20% in pre-market trading on Friday in NY, before recovering slightly to be down 16%, as investors were spooked by news that the number of active monthly users fell from 336 million to 335 million over the last three months.
On Friday, Twitter reported a decrease in the number of monthly users on the site.
"We are proud of the tangible improvements people are seeing on Twitter".
"Twitter's value as a daily service is enhanced when the conversation on the platform is healthier and people feel safe freely expressing themselves", said Twitter CEO Jack Dorsey, while speaking on a conference call Friday. However, the company is facing the same slow user growth that is plaguing Facebook.
While Twitter maintains that most of these accounts were dormant and thus not counted in the monthly user figure, the company also warned that its cleanup efforts could affect its counted user base without giving specific numbers.
Ramsey uncertain over new Arsenal contract
The Spaniard said: "I think this is the moment for the young players to show their quality. The Argentinian said: "I'm really happy with the performance of the youngsters".
Second-quarter net income hit $100.1 million, after a loss past year.
Twitter escalated its battle against suspicious accounts late a year ago in the face of congressional and public pressure following revelations about how Russian Federation used the platform to spread disinformation to shape the 2016 presidential campaign in favour of Republican Donald Trump and against Democrat Hillary Clinton.
Twitter's put its EBITDA guidance for the third quarter between $US215 million and $US235 million. Revenue rose 24 percent to $711 million.
Despite Twitter suffering its second-worst loss since it went public in November 2013, the stock has still doubled in value over the last 12 months.
The campaign has drawn some complaints from users, especially conservatives who have accused Twitter of singling them out in an effort to limit their free expression.
"As a result of our health work, decisions not to renew or move to paid SMS carrier relationships in certain markets, and our decision to allocate resources towards GDPR and health, MAU could decline on a sequential basis in Q3", Twitter said in its shareholder letter. The company said in April that monthly active user growth could be "negatively impacted" by the new rules.
911 call of Demi Lovato emergency released; singer to enter rehab
Demi Lovato , 25, could have died from her alleged overdose , sources close to the singer tell TMZ , adding, it was that serious. Details surrounding singer Demi Lovato's alleged heroin overdose on Tuesday are slowly but surely emerging.
Twitter said the decline in the third quarter would be in the mid-single-digit millions, suggesting a sequential decline to around 330 million users.
Twitter again touted daily active user growth.
In the meantime, Twitter's business, heavily dependent on advertising, is hanging in there.
Earnings excluding items were 17 cents per share, in-line with analyst estimates.
The company increased its capital expenditures forecast for the year to between $450 million and $500 million, from $375 million to $450 million, as it expands and upgrades the computer infrastructure underlying its service.
Pakistan Election 2018: 53,000 observers will monitor polls
To form a government without a deal with one of the other parties, they will need to claim a total of 137 seats. He said that in case any proof is brought forward, action will be taken against all individuals found involved.