The Latest: Twitter reports cap bad week in social media

The Latest: Twitter reports cap bad week in social media
FILE - In this Oct. 13, 2015, file photo, the Twitter logo appears on a phone post on the floor of the New York Stock Exchange. Twitter shares fell Thursday, July 26, 2018, after President Donald Trump said in a tweet the company was limiting visibility of prominent Republicans and said he was going to look into the matter. (AP Photo/Richard Drew, File)

NEW YORK (AP) — The Latest on Twitter Inc.’s quarterly earnings report. (all times local):

___

9:45 a.m.

Twitter is plunging in early trading, topping off a terrible week for social media.

Shares slid 14 percent after Twitter reported weak growth from new users. That followed Thursday’s 19 percent drop in shares of Facebook — the biggest one-day drop in history, wiping out billion in market value.

Twitter, like other social media companies, says it’s prioritizing its platform over user growth, getting rid of abusive account. That has left investors seemingly unable to value what the biggest companies in the sector, which rely on their potential user reach, are worth.