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.

Comments

I can hear crying

[DaMattster]

Donald Trump's bully bullhorn might be toast. Donald Trump will be crying because his principle method of intimidation might actually shut down. Waaaaa!

Re:I can hear crying

[Anonymous Coward]

What? No. Absolutely not. A fucking TYRANT got elected, and nobody is going to shut up about it until he's long gone.

Get used to this being the only thing in the news for a long time yet.

Re:Providing an SJW platform is not a viable busin

[serviscope_minor]

I think the unprofitable nature of the thing is what is not "a viable business," identity politics or no.

Nah, it's the SJWs fault of course. If they allowed arbitrary amounts of harassments, death threats and stalking, it'd magically be profitable for some reason.

Re:Providing an SJW platform is not a viable busin

[Princeofcups]

It's been clear to a number of us that Twitter's primary users are more on the social side of the spectrum, lean more to the left, are engaged more in arts and all that, but all of the news snippets over the past year or so seem to come out after the company articulated publicly that they are more or less an SJW platform, that they're going to selectively ban questionable comments under the guise of anti-racism, etc., etc. Maybe I'm wrong but the timelines literally suggest that Twitter's failure was its political alignment rather than providing a neutral grounds for socializing.

Considering that SJW is the new Jewish conspiracy, communist agenda, liberal media, Muslim menace, boogie man, and does not exist as such, I have to believe that your ideas are incorrect.