Over the last 24 hours, Facebook has seen a massive drop in share prices. The company lost about $120 billion in one day. But with the problems of leaked data and hate groups plaguing social networks, the situation is getting more and more complicated.
Now, with the “stagnation” of new users in the social network of the bird, we see that there has also been a massive drop in the share price.
In a report, we see that Twitter shares have fallen by about 18% as monthly user numbers begin to decline.
I must admit, that surprised me. I always thought that those who left Facebook landed on Twitter. In other words, his little pet, the little blue bird, picked the crumbs that spilled on Facebook. However, it seems that Twitter is struggling as hard as Facebook to get members or even keep them.
The decline in the number of users may be due to the website starting a fake account cleanup. A step that has already led to hundreds of thousands of closed accounts.
But despite this seemingly bad news, the company has reported surprisingly good profits for the period 2018!
It seems that despite the decline in users and traffic, they are still making money. The social networking site reported the highest quarterly result in its history. While they are struggling in the stock markets, Twitter still seems to be attracting a lot of money.