Associated Press
- Twitter reported an unexpected drop in third-quarter monthly active users and warned of further weakness.
- The company beat on both adjusted earnings and revenue.
- Shares fell as much as 18% ahead of Friday's opening bell.
- Watch Twitter trade in real time here.
Twitter is plunging Friday morning, down as much as 18%, after reporting an unexpected drop in monthly active users.
The social-media company said it had 335 million monthly active users in the second quarter, and sees that number falling by mid-single-digits in Q3. Wall Street analysts surveyed by Bloomberg were expecting Twitter to report 337.8 million monthly active users, up from the 336 million in the previous quarter.
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