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Twitter suspending fake accounts at rate that may jeopardize user growth, says report

Twitter Inc. TWTR, +3.53% has greater than doubled the velocity of person account suspensions since October, striking its 2nd quarter person growth at risk, in line with a record within the Washington Post overdue Friday. Twitter stock fell zero.1% in after hours trading, after rising 3.five% to $46.65 throughout common trading. Citing data acquired from an nameless source that had access to inside corporate paperwork, the Post stated Twitter has suspended greater than 70 million accounts in May and June, a fee which has persevered into July. Those suspensions might devour into its per 30 days energetic person growth, which investors watch intently. Twitter suspends faux accounts to limit the affect of people who find themselves abusing its platform. Twitter stock has received 172% since October because the S&P 500 index SPX, +zero.85% rose 8.2%.