Twitter stock falls as company tackles fake accounts
Twitter suspending one million fake, suspicious accounts a day
Twitter shares fell sharply on Monday following a report that the social media company has accelerated its efforts to eliminate fake accounts.
The Washington Post reported that Twitter suspended more than 70 million accounts in May and June, more than doubling the company’s rate of account suspensions since October. The report pressured Twitter’s stock, which fell as much as 9.8% during Monday trading, as investors grew concerned that an increase in suspended accounts would hurt user activity on the platform. -- More...
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