Twitter Plunges on Traders’ Fear That User Activity May Slow
- Company flags millions of bots daily, triple from a year ago
- Analyst says risk is low; stock had gained 94% this year
This article is for subscribers only.
Twitter Inc. plummeted on investor concern that the company’s escalating fight against fake accounts will slow user growth.
The Washington Post said Friday that the company’s rate of account suspensions has more than doubled since October 2017, and that Twitter has suspended more than 70 million accounts in May and June. The stock fell as much 9.8 percent Monday, the biggest intraday decline in more than three months, before paring the loss later in the day.