#4 - Twitter (NYSE:TWTR)
Twitter (NYSE: TWTR) – The question facing investors who are looking at Twitter is how much of what’s going on with their stock is “fake news”. The social media giant has worked diligently to eliminate bot and scam accounts in order to establish credibility with advertisers. Their “Twitter Purge” eliminated some 70 million accounts. However, the company claims many of these fake accounts were not included in the metrics they report to advertisers. Still, while a lower subscriber number may affect their revenue in the short term, it’s the right thing to do. Of bigger concern is the company’s announcement that active users dropped by one million from the previous three-month period to 335 million. On the other hand, Twitter reported $711 million in revenue which was not only two percent above analysts’ expectations, but an impressive 24 percent year-over-year gain. Net income rose to $100 million in the most recent quarter. At the same point last year, the company was reporting a loss of $116 million. What has all this meant for their stock price? Uncertainty. Twitter’s stock is down almost 25% from the high it reached in late July, but that still leaves it more than 100% above where it was a year ago. Until the headwinds die down, the time may be right to take some profits.
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
