Today’s Research Reports on Stocks to Watch: Snap and Twitter
NEW YORK, NY / ACCESSWIRE / February 14, 2018 / Snapchat users hate the company's redesign of the app and are making it known on Twitter. LikeFolio has revealed that almost 80% of the conversations about Snapchat are now negative. Shares of Twitter soared on Tuesday as more traders digested the possibility of a Twitter takeover while CEO Jack Dorsey spoke out on the company's independence.
RDI Initiates Coverage on:
Snap Inc.
https://rdinvesting.com/news/?ticker=SNAP
Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR
Snap's shares closed down 0.27% on about 28.8 million shares traded on Tuesday. Apparently many Snapchat users hate the redesign that the company started rolling out earlier this month. According to data released by LikeFolio, there has been an increase in negative sentiment towards the Snapchat app since the all-new user interface launched. LikeFolio has been analyzing tweets about Snapchat since the start of the year. The new interface has even been disliked by model Chrissy Teigen who tweeted that she didn't like the redesign. Over 800,000 people have even signed a petition on Change.org asking Snap to revert the app back to the original interface. LikeFolio reported that as of yesterday, almost 80% of the conversations about Snapchat were negative. "Snapchat users absolutely hate the new interface," LikeFolio's report said. "Instagram looks to be a beneficiary of this, as frustrated Snapchat users begin relying on the Instagram Stories feature instead of Snapchat."
Access RDI's Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP
Twitter's shares closed up 8.05% on nearly 58 million shares traded yesterday. Trading volume was significant for the social media stock after the company's CEO Jack Dorsey had some encouraging things to say on Tuesday. Dorsey was speaking in San Francisco at the Goldman Sachs Technology and Internet Conference and remarked, "There's a lot of strength to our independence because we can work on every device, work through every medium. We're not constrained by the particular whims of one platform versus another." It was also the fact that a BTIG analyst, Richard Greenfield, has predicted that the company will be acquired this year. According to Greenfield, Twitter is "too valuable to remain independent."
Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR
Our Actionable Research on Snap Inc. (NYSE: SNAP) and Twitter, Inc. (NYSE: TWTR) can be downloaded free of charge at Research Driven Investing.
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