Twitter stock plunges 20% in wake of 1m user decline
by Rupert Neate and Associated Press from Technology | The Guardian on (#3VPE2)
Social media company says fall is linked to action to delete fake accounts and admits it may well continue
Twitter's stock plunged 20.5% by the time the markets closed Friday - the second-biggest loss for Twitter's stock since the company went public in 2013.
Almost $5bn (3.8bn) has been wiped off the market value of Twitter after the social media service reported a drop of 1 million users following its action to delete fake and offensive accounts.
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