Twitter Banning Fake Account Impacts Share Price


Just Plain Mean
Staff member
May 18, 1997
Twitter is banning fake accounts at a quick rate (70M in May and June) and it looks as though that is impacting its stock price. While that 9% decline this morning has knocked off about $3B of its valuation, you could certainly suggest it never should have been of value in the first place. So does allow fake accounts falsely prop up your share price?

(Reuters) - Shares of Twitter Inc (TWTR.N) fell 9 percent on Monday after a report said the social media company had suspended more than 70 million fake accounts in May and June, which could lead to a decline of monthly active users in the second quarter.
Even after the drop it’s still up ~50% for the year. That’s kicking the crap out of crypto.
fake accounts are far greater than 70M. I'm going to guess 'fake accounts' is a way of silencing people they don't like. Probably those who they've banned already but don't want the discussion to go back to justifying the original ban.
Most of those fake accounts are bots used to make people artificially famous and popular. There are services out there for this kind of social engineering.