*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)
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."
J.W. Roth, CEO of Venu Holding Corporation, discusses the company's IPO and plans to redefine live music entertainment with their fan founded, fan-owned model.
Variety's Clayton Davis discusses why more than just the 1% are struggling after the LA fires. Plus, how awards shows will pivot to help victims. Watch!
Emily Hosie, CEO of Rebelstork, explains the concept of Returns Recommerce, plus how her company raised $18M to address the industry-wide issue of returns.
