But Twitter is just "a niche company" LOL. Yet another example of how disruptive a worldwide platform Twitter is. :-) Sony knows Twitters international reach.......desperate to stop those retweets....LOL
Also.......no other firm argued the call. TWTR received upgrades and reiterated buy calls. Cramer has known this for a while. Cramer loves everything about TWTR except Costolo and has not minced words calling for his resignation. Cramer does this when he has an insider tip and then looks like a genius when it happens. Cramer calling for Costolo exit so loud and for so long.........he knows. It's gonna happen :-)
If SunTrust thought it would be later rather than sooner they would have saved that call. The knowledge of Costolo exit was evident. The vagueness as to when and who would take over was just to keep it "in our opinion." SunTrust is sure Noto will stay CFO.....didn't entertain him being CEO like the rest of the street. That handful of names included the new CEO. Look for it in January. Bottom line, market reacted positively to the idea he would leave. This is not lost on TWTR management. Testing the waters. It's gonna happen.
Rumors are one thing, but for SunTrust to go on CNBC and say that Costolo is out soon.......they know something. That is a bold statement. They know he is out, just not who will replace him, but to even list candidates for CEO??? They have inside source on internal TWTR plans and who they are reaching out to with an offer. And yes, definitely, price target of 58 and holding......that's confidence. Enjoy the ride up longs!
Cramer is pushing that one. Seems doubtful, but as he points out she has gone as high up at FB as she can. Zuckerberg young and not going anywhere as CEO. She could be running her own show at TWTR. She did leave GOOGL because of a "ceiling" in her career to build FB. So ???????????
Co-founder and chairman of the board. Costolo has done a good job as CEO. He is just a scape goat right now. Bottom line at any company is revenue growth.....TWTR has that big time! That being said, the invstors want what they want so making Dorsey, an innovative young pro, CEO and moving Costolo to Chairman of board......so be it. Dorsey holds a lot of Disney stock and held a seat on the board until recently. He is also founder and CEO of Square payment system. he brings great leadership and connections as CEO.
Nice break down. Costolo not letting go of his shares/options personally......and at grant price cost basis he would make a huge profit. Shorts will cling to the family trust news which could be the result of many things. Liquidation from divorce is one of the main reasons mutual trusts dissolve. Either way, TWTR risk to reward is in the reward column big time at these prices. Bad news and risk priced in after bashing during market sell off.
LOL....I sold all of my "TRTR".....Shorts only have this to hang onto. Let them spin it. A month from now TWTR will be much higher and this will be a nonissue.
Quality over quanity. FB counts anyone signing into another app with FB account as active user....LOL.....well yeah, that will add up.
Wrong. But if shorts need this to cling to.....take it . Jack Dorsey, Biz Stone and Biz Stone not selling. Jack Dorsey is Chairman of board and my pick for new CEO, assuming TWTR needs one. Evan Williams is holding/buying and working at Twitter. So just go with this family trust thing......damn.
TWTR is not making an enemy of Google like FB is. Twitter data is an asset to Google. Apple working with Twitter as well. Yahoo is launching a new search engine soon. It is going to fully integrate Twitter data. Twitter getting paid!!!
Dont those turn out to be best investments?
Media companies buying this data and integrating with TWTR platform for real time feed back on content. Tweets hit the wires on breaking news before news outlets can get it. People on the ground Tweeting live the instant events happen. Notice that little blue bird next to every talking head on CNBC? Me too.
But TWTR bashers are hyping FB. TWTR also has far fewer shares outstanding. FB has issued way too many shares for it to return the same percentage. TWTR only has to move 600 million shares. For TWTR to trade at half the market cap of FB it would have a share price of 150+. Do the math. TWTR in early stages and is much more compatible with wearables. 83% mobile. FB 57% mobile. Gonna look at FB pics on a wearable? Guess thats why AAPL demonstrated their wearables with TWTR app.
Apple, Google, Facebook......all traded at premiums like TWTR in the early stages of growth. FB still trading at a 72 PE. Buy the future not the past.
Point is, it was a planned financial move in July to liquidate trust. And he personally holds the remaining 90%. And to your point, find a CEO that was replaced and kept his shares in any company. Also, insiders sell for tax loss and buy back just like the rest of us. Look at any stocks insiders buys and sells.......just that.....buys and sells. FB founder liquidated all of his holdings when it was at 19.00. Mel Karmazin of SIRI liquidated in low to mid 2s on his way out. etc.
With the FB stock increase before final Whats app deal close(cash and stock deal) the price was more like 22 billion, but point taken. Market values SnapChat at 10 billion+. When analysts are trying to manipulate a stock down and cant find anything wrong with fundamental growth, they go to valuation. How many times have we all heard this?
Totaling 10% of Cotolo TWTR holdings. Planned diversification in July. Read entire story. All insiders do this. If we want to go the route of Costolo getting out.......maybe Sandberg from FB or Dorsey the TWTR chairman and founder will take CEO job. Nothing but bad news built into this price.