Firm says fall is linked to action to delete fake accounts to improve ‘health of the platform’

More than $6bn (£4.6bn) has been wiped off the market value of Twitter after the social media service reported a drop of 1 million users after it finally took action to delete fake and offensive accounts.

Twitter’s shares fell by 20% in pre-market trading on Friday in New York, before recovering slightly to be down 16%, as investors were spooked by news that the number of active monthly users fell from 336 million to 335 million over the last three months.

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Read More Twitter share price tumbles after it loses 1m users in three months

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