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Defying Skeptics, Twitter Stock Surges 60% in 2018 (cnn.com)
An anonymous reader quotes CNN:
Twitter is one of the hottest stocks on Wall Street this year -- and now the company is hoping to cash in by selling $1 billion of bonds that can eventually convert into Twitter stock... Twitter's stock is up more than 60% this year, and prior to Thursday's drop, Twitter shares had been on a 10-day winning streak. Why are investors flocking to Twitter? It looks like Twitter's strategy to embrace live video is a hit with users and advertisers. Twitter reported an actual profit for the past two quarters and user growth has accelerated.
That's why Twitter's stock has easily outperformed top rival Facebook, which is up 6% in 2018, and it's trouncing struggling Snap Inc. The parent company of Snapchat is still down 15% this year, despite a 10% surge in the past week. Twitter was also just added to the S&P 500, which proves that the little blue bird is now a blue chip American firm that is finally starting to grow up.
That's why Twitter's stock has easily outperformed top rival Facebook, which is up 6% in 2018, and it's trouncing struggling Snap Inc. The parent company of Snapchat is still down 15% this year, despite a 10% surge in the past week. Twitter was also just added to the S&P 500, which proves that the little blue bird is now a blue chip American firm that is finally starting to grow up.
And despite the constant negative skeptics, covfefe!
Yep, nearly every day the headlines on the front page of major media say "Trump tweets ..." whatever. Yesterday the top story was he tweeted that he was looking forward the unemployment numbers coming out, which he did two hours before they were officially realised.
Being in the headlines daily has to be very good to Twitter.
I can see tweets without JS enabled. Facebook posts...?
The reason this is happening is because our POTUS uses the platform to dictate his every thought of governance, or personal whim.
Yeah - on the one hand we have a narcissist who is not very reserved or classy.
On the other hand we have peace and prosperity, with a generally favourable outlook.
Take a moment, sit back, relax, and enjoy the good times while they last.
This is a good stock to short (along with TSLA). The younger generation doesn't use Twitter and the stock price doesn't reflect reality. Twitter has been a terrible 5 year investment.
It's pretty true... twitter is meaningful at least partly because the media props it up. Trumps tweets are headline news every day... Rosanne got canceled over her tweet. Also meanwhile Facebook is getting some pretty bad rap for selling data etc... making people spend more time on twitter and possibly less on facebook.
I just don't understand why the fuck is anyone using Twitter in the first place. The fact that it has any monetary value on top of that is beyond comprehension.
#DeleteFacebook
Twitter is the epitome of modern tech: Multi-billion dollar valuation yet the company makes no profit, has never made a profit, and has no plans to make a profit in the foreseeable future.
TFA says "Twitter reported an actual profit for the past two quarters". But your description fits Uber accurately.
I think Twitter has gotten better (and more profitable) since they allowed 280 characters per tweet. For one thing, I don't have to figure out contractions, abbreviations and other "Internet shorthand" like it was in the past for the most part.
Is this true or just something Twitter wants you to believe? I have contracts with major corporations world wide and a huge percentage of them do NOT or no longer use Twitter, staff included. This is thousands and thousands of people. With that everyone I know does not or no longer uses Twitter. This makes me wonder is Twitter faking this news because they in reality are failing? I assume with President Trump using Twitter extensively that could make this "fake" news more plausible. Food for thought, not the first time a company has lied to help themselves.
If you've never watched Person of Interest, this subject line will make no sense to you.. :-P
-- I'm the root of all that's evil, but you can call me cookie..