As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:

Twitter shares plummeted 19 percent Friday after the company reported a decline in monthly active users and weak guidance.

Twitter reported second-quarter earnings before the bell on Friday:

  • Earnings per share: 17 cents vs. 17 cents, according to a Thomson Reuters consensus estimate
  • Revenue: $711 million vs. $696.2 million, according to a Thomson Reuters consensus estimate
  • Monthly active users (MAUs): 335 million vs. 338.5 million, according to StreetAccount and FactSet estimate

The article goes on to state the following:

For the last quarter, Twitter reported 336 million monthly active users. The platform blamed not moving to paid SMS carrier relationships in certain markets where users have better access to Twitter or Twitter Lite, making changes to improve the “health” of the platform and some impact from GDPR, a set of regulations in the European Union intended to protect consumer data. In total, Twitter estimates about 3 million accounts were affected by these three reasons.

Twitter removed about 70 million accounts in May and June, but Twitter chief financial officer Ned Segal said most of those were not included in its reported metrics because they were not active on the platform for 30 days or more.

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