#7 - Twitter (NYSE:TWTR)
Social media is becoming an increasingly important way that consumers consume news. Twitter (NYSE:TWTR) has one advantage in this regard. For better or worse, it tends to be the medium that professional journalists use to break stories. Users look for that all-important blue checkmark and news becomes viral. Twitter has also taken steps to fight the posting of misleading information about the coronavirus.
The coronavirus outbreak is making consumers hungry for news. While I advocate a quality over quantity strategy, you don’t fight human behavior. This positions the company well to confront a trend in which advertisers are becoming increasingly leery of paying premium ad space. That’s a combination that should entice advertisers to at least continue advertising on the platform.
TWTR stock is down about 20% for the year, but has been rallying of late. As other social media companies such as Facebook (FB) are drawing the attention and ire of politicians and regulators, Twitter is flying under the radar which may be a great place for the company to be.
About Twitter
Twitter, Inc operates as a platform for public self-expression and conversation in real-time. The company's primary product is Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products that enable advertisers to promote brands, products, and services, as well as enable advertisers to target an audience based on various factors, including who an account follows and actions taken on its platform, such as Tweets created and engagement with Tweets.
Read More - Current Price
- $53.70
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
