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Twitter overstated data on monthly audience for three years

Twitter admitted it has overstated data on the monthly audience since 2014. Since the fourth quarter of 2014, Twitter incorrectly counted the number of users, because it took into account third-party text applications associated with the Fabric mobile application.

As a result, the company revised its estimate for the fourth quarter of 2016 with a decrease of 1 million users, for the first two quarters of 2017 - by 2 million.

In the third quarter of 2017, Twitter reduced its net loss. Company shares rose more than 11% on October 26.

The number of Twitter users, which are active at least once a month, increased by 4 million people in July-September, to 330 million.

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