Twitter has been forced deny rumours on social media that the it will be closing down in 2017 – claiming that the rumours were completely groundless and without foundation.
A spokesmen for Twitter told Reuters that “There was absolutely no truth in the claims whatsoever.”
The rumours started on Thursday morning with the hashtag #SaveTwitter which had received more than 100,000 tweets mentioning the hashtag by the afternoon.
Although unconfirmed, it is believed that the rumour was started by Twitter user who complained about online bullying and the response that the user received from Twitter regarding such claims.
Twitter has experienced problems in the past trying to police abusive behaviour on the social media service and has admitted that finding the perfect balance between free expression and blocking violent or hateful speech is a very fine balance.
Only last month, Twitter permanently suspended a several user accounts amidst allegations of harassment, including that of Breitbart tech editor Milo Yiannopoulos.
Twitter vowed to redouble efforts to thwart abusive behaviour and block repeat offenders from the social media site.
There was some good news for Twitter by the end of the day though as their share rose 3.6% to $19.73.