Twitter Inc. informed about drop of monthly users by 1 million, Bloomberg reports. Number of users will be falling further, as company is trying to fight against spam, faked accounts and malicious behavior.

Shares fell 20% in the beginning of trade session, but then recovered some losses and cost $37,63. Earlier this year shares of Twitter grew 80%.

Number of monthly users was 335 million in second quarter, which is lower than 336 million in first quarter. Although it is 2,8% higher than a year ago, company is expecting further drop.

Twitter shows net income three quarters in a row. However, EBIDTA estimate for the third quarter is $235 million, lower than $268 million expected by analytics.

Despite of the fact that number of daily users grew by 11% compared with the last year, analytics accuse Twitter in absence of real improvments of company's product that wil prevent further gain in users.

International revenue grew by 44% in a quarter, while sales in the US, which is largest market, increased by 10%. Japan being a second largest market showed 65% gain in sales.