Twitter stock tanks on fears of fake account crackdown

Twitter's stock price fell as much as 9 percent yesterday on fears the social media network would crack down on fake accounts.

Investors, according to CNNTech, worry such a purge would put user growth at risk.

Twitter suspended 70 million accounts in May and June. The company's chief financial officer, Ned Segal, said most of the accounts that were removed were not active in the last 30 days.

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