Bad week in social media gets worse; Twitter hammered

Associated Press ^ | Jul. 27, 2018 4:34 PM EDT | Barbara Ortutay

[Olog-hai]

Cracking down on hate, abuse and online trolls is also hurting Twitter’s standing with investors.

The company’s stock plunged Friday after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The 20.5 percent plunge comes one day after Facebook lost 19 percent of its value in a single day.

Twitter says it’s putting the long-term stability of its platform above user growth. That leaves investors seemingly unable to value what the biggest companies in the sector, which rely on their potential user reach, are worth.

Twitter had 335 million monthly users in the quarter, below the 339 million Wall Street was expecting, and down slightly from 336 million in the first quarter. That overshadowed a strong monthly user growth of 3 percent compared with the previous year.

The company said its monthly user number could continue to fall in the “mid-single-digit millions” in the third quarter.

While Friday was Twitter’s second-worst loss since it went public in November 2013, the stock has still doubled in value over the last 12 months. …

[Caipirabob]

A lot of folks at Twitter have been posting extremely detailed thoughts on what is happening. It is indeed a purge. If they can eliminate the conservative voice and it costs them 20% of their worth, possibly a temporary loss, to them it is worth it. It's the mission, not the profit to them. They are true believers and said forums are their chosen battleground.

If they let conservatives continue to speak freely, they will lose the argument, it's always the same results, so they must silence them.

[Caipirabob]

Really makes you reflect. Free Republic really is the only place you won't get persecuted for free speech. There are verbal consequences from posters when they disagree, but we are generally left alone when we abide by the rules.

I would not say "Safe Space", but call it a "Freedom Zone".