Twitter stock tumbles 15% after it purged fake accounts | Money CNN


The number of people on Twitter fell during the three months ending in June as it worked to clean up the platform and comply with new privacy regulations.

The social network said Friday that it had 335 million monthly users around the world in the second quarter, down from 336 million users in the quarter prior. The number of users could also decline in the third quarter, Twitter warned.

The company attributed the dip in part to “decisions we have made to prioritize the health of the platform” and, to a lesser extent, complying with sweeping new data protection regulations in Europe.

The stock fell 15% in premarket trading Friday after the earnings results.

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