After Facebook, Twitter share price falls 16% in pre-market trading on weak numbers

twitter quality filter

Facebook’s share price took a huge hit yesterday – the biggest single-day fall for any company in history – as it revealed the impact of privacy issues. And Twitter isn’t faring too well either …

Facebook was as much as 25% down in pre-market trading, and 20% down when the market re-opened. Twitter isn’t quite in the same league, but so far its share price is 16% down in the pre-market, reports CNBC.

Twitter shares plummeted 16 percent premarket Friday after the company reported a decline in monthly active users and weak guidance.

Monthly active users were only down 1M on the quarter, falling from 336M to 335M, but the company also issued weaker guidance for the full year than it did last quarter.

While some are pointing to work Twitter has done to remove fake accounts, the company tweeted that this isn’t a factor.

Twitter said that two factors accounted for most of the reduction.

The platform blamed not moving to paid SMS carrier relationships in certain markets where users have better access to Twitter or Twitter Lite […] and some impact from GDPR, a set of regulations in the European Union intended to protect consumer data.

The company found itself caught up in a controversy yesterday when automated measures to address hate speech and fake news were misinterpreted as the company shadow-banning Republican figures.

Image: iTech

Check out 9to5Mac on YouTube for more Apple news:

FTC: We use income earning auto affiliate links. More.

Check out 9to5Mac on YouTube for more Apple news:



Twitter is a social networking site that was created in 2006. Users send "tweets" to let people know what they are doing. It was created by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams.

About the Author

Ben Lovejoy

Ben Lovejoy is a British technology writer and EU Editor for 9to5Mac. He’s known for his op-eds and diary pieces, exploring his experience of Apple products over time, for a more rounded review. He also writes fiction, with two technothriller novels, a couple of SF shorts and a rom-com!

Ben Lovejoy's favorite gear


Apple Watch Series 3