Twitter’s 9pc share fall

SHARES in Twitter dropped as much as 9pc as investors fretted over the huge numbers of fake accounts on the social network.

It reportedly suspended more than 70m fake users in May and June – and this is likely to lead to a fall in monthly user figures for the second quarter of 2017, with lower revenues as a result. The fall wiped around £2.3bn from Twitter’s stock price.

Analysts said such reaction is likely due to ‘the assumption that the lower user count would attract less advertising dollars’.

Twitter’s shares recovered slightly by the closing bell on Wall Street, falling 5.4pc, or $2.51, to $44.14.