*By Conor White* Shares of Twitter plunged on Monday over concerns a crackdown on fake accounts could hamper user growth. The company [reportedly](https://www.washingtonpost.com/technology/2018/07/06/twitter-is-sweeping-out-fake-accounts-like-never-before-putting-user-growth-risk/) banned over 70 million accounts in the last two months and is suspending more than a million handles a day. But Mashable tech reporter Matt Binder said it was an action Twitter had to take. "I think they should keep doing this until they actually have the accounts that are causing this sort of problem," he said in an interview with Cheddar Monday. "They'll never really completely wipe it out, but they should continue dealing with it for as long as it takes to keep this to a minimum." Binder said the purpose of these accounts can vary between anything from users creating fake accounts to boost their own following to bots actually trying to spread disinformation. He pointed out that the company has faced a series of damaging crises. "One was, for example, the Russia-linked internet research agency ," Binder said. "They were proven to be - both on Facebook and Twitter accounts - paying for ads to promote these accounts or these posts to try and sway the election." "Again, whether that was something that worked or not, or how influential it was, that's besides the point." Twitter shares were down as much as 9.8 percent in early trade Monday, but pared those losses after CFO Ned Segal [tweeted](https://twitter.com/nedsegal/status/1016371745933033472) that most of the accounts removed are not counted in the company's metrics. For the full segment, [click here.]( https://cheddar.com/videos/twitter-cracks-down-on-fake-accounts)

Share:
More In Business
'GTA VI' Trailer Released Early and How Game Will Impact Industry Overall
Fans of the Grand Theft Auto series got a glimpse of the latest release that's not due out until 2025. The trailer was officially released after a leak on the 'X' platform, giving an idea to industry experts of the massive effect GTA will have on the gaming sector. Cheddar News senior reporter Michelle Castillo breaks it all down.
Stretching Your Dollar: End-of-the-Year Tax Questions Answered
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
Holiday Crafts for Less
Getting crafty for the holidays to entertain guests can be pretty expensive. Cheddar News explains how you can do all of that on a budget.
Stretching Your Dollar: How to Treat Yourself for the Holidays
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
Wikipedia's Most Viewed Stories 2023
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Load More