Slashdot Mirror
Twitter Is 'Toast' and the Stock Is Not Even Worth $10, Says Analyst (cnbc.com)
Twitter is "toast" as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service. From a report on CNBC: The microblogging platform's chief technology officer, Adam Messinger, tweeted that he would leave the company and "take some time off", while Josh McFarland, vice president of product at Twitter, also said he was exiting the company. Both executives announced their departure on Tuesday. Meanwhile, last month, Adam Bain stepped down as chief operating officer last month to be replaced by chief financial officer Anthony Noto, who has yet to be replaced. Twitter has also lost leaders from business development, media and commerce, media partnerships, human resources, and engineering this year. The departures prompted Trip Chowdhry, the managing director of equity research at Global Equities Research, and a noted "uber-bear" on tech stocks, to issue a note on Tuesday claiming Twitter is "toast" and "not even a $10 stock." "Many investors were foolishly building (an) investment thesis based on complete stupidity," Chowdhry wrote. The analyst said that Twitter's data quality is "horrible". Chowdhry said that many pollsters used Twitter data to predict a Hillary Clinton win in the U.S. election but the fact that Donald Trump won shows that data quality is poor. One reason for this is too many fake users on the platform, Chowdhry claims.
Donald Trump has (well, will soon enough) the presidential alert system, so he can message everyone's phone instead. With a piercing alarm, at 3AM, and you can't disable this (unless you root your phone). Trump will be fine.
But where will the Twitter hate mobs go to get their outrage on? What if a scientists wears the wrong shirt - how will they know to be outraged? How will they live if Twitter goes under?
Socialism: a lie told by totalitarians and believed by fools.
We should be so lucky
"In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson
Actually, this is very bad news. Loss of his Twitter outlet might cause le Grande Orange to take full advantage of the upcoming universal cell messaging push technology being rolled out to use in national emergencies. You want to get five messages every day from the brain of your dyehard leader - with no way to turn them off?
If Slashdot were chemistry it would look like this:Cadaverine
Good...the cesspool of political correctness is blowing up in their faces
The analyst said that Twitter's data quality is "horrible".
Using "twitter" and "data" and "quality" in the same sentence made me laugh.
Just cruising through this digital world at 33 1/3 rpm...
Just think how this will stimulate the economy. People will be constantly destroying their phones... flinging them across the room in disgust. Instant bump
"In America, first you get the sugar, then you get the power, then you get the women..." -H. Simpson