|Bid||29.08 x 800|
|Ask||29.09 x 1800|
|Day's Range||28.82 - 29.51|
|52 Week Range||16.57 - 47.79|
|PE Ratio (TTM)||94.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Before Twitter boasted a market cap of 22.1 billion, had 336 million monthly active users and became the preferred mode of communication for President Donald Trump, it started with a sketch on a legal pad. On Tuesday, Twitter posted a photo of co-founder Jack Dorsey's illustration of how the platform might work, with the caption, "@Jack's very first drawing of us back in 2005. In the drawing, Twitter has a box for the user's status (such as "reading," "in bed," or "going to the park"), as well as inputs for the user's name, phone number and email address.
In a recent tweet, Twitter (TWTR) announced that it would be putting live streams and broadcasts posted by accounts followed by users at the top of their timelines. The social media company said that this feature will include breaking news, sports, and personalities. Twitter has included this latest feature in its Android and iOS apps.
Christine Blasey Ford, who accuses Supreme Court nominee Brett Kavanaugh of sexually assaulting her when they were in high school, has yet to confirm she will testify before the Senate Judiciary Committee, according to Chuck Grassley, the panel's Republican chairman. "We have reached out to her in the last 36 hours three or four times by email, and we have not heard from them," Grassley says Tuesday.
Three companies stand out as potential over-performers among Internet stocks. Here’s what you need to know.
Facebook (FB) recently signed an exclusive three-year agreement to show Spanish La Liga soccer matches in India and other Asian countries. It also began rolling its Watch video service internationally. A month later, Twitter (TWTR) recently announced a host of new deals aimed at expanding its live video offerings in the Asia-Pacific region.
Short interest is low for TWTR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. The net inflows of $4.49 billion over the last one-month into ETFs that hold TWTR are not among the highest of the last year and have been slowing.
When most people think of Chinese social media stocks, Weibo (NASDAQ:WB) and Tencent (OTCMKTS:TCEHY) generally come to mind. The former has been deemed the “Twitter of China,” though it increasingly looks and feels like Facebook (NASDAQ:FB). The latter, meanwhile, is the name behind China’s most popular messaging platform, WeChat.
It has been a rough run for social media stock Snap Inc (NYSE:SNAP) on Wall Street. Ever since the company went public in March 2017 at $17 per share, the general trend for SNAP stock has been down and out. With SNAP now depressed to all-time lows, buyout rumors are starting to float around.
Verizon’s (VZ) Oath subsidiary is on a mission to double its audience and generate as much as $20 billion in annual revenues by 2020. Oath currently has a monthly audience of 1 billion people across its various digital properties, including Yahoo Sports and TechCrunch. Snap (SNAP), another Oath competitor in the digital advertising business, reaches an audience of 188 million people daily through its Snapchat app.
Twitter shares are taking a thumping in the wake of a report that cautions the company faces rising costs amid stiff competition and regulatory scrutiny.
Education Secretary Betsy DeVos on Monday encouraged students to engage others with respect and not to "be nasty" while hiding behind Twitter handles, leading one student to wonder why her boss, President Donald Trump, doesn't appear to abide by those rules. DeVos appeared at the National Constitution Center at a student Town Hall to talk about the First Amendment as part of the center's annual Constitution Day, commemorating the 231st anniversary of the signing of the U.S. Constitution.
Snap (NYSE:SNAP) stock is resembling its product a little too much recently. Like Snap’s photos, the stock’s value seemingly disappears in the blink of an eye. SNAP stock, which you may recall opened trading all the way up at $25/share last year, is in the midst of a prolonged slump.
In a note to clients on Monday, MoffettNathanson analyst Michael Nathanson reduced his price target on Twitter stock to $21 from $23, as reported by CNBC. His new 12-month forecast implies a more than 30% downside from Friday's close. The analyst noted that in the first two quarters of 2018, Twitter has reported operating expense growth between 0 percent to 3 percent respectively.
In the first two quarters of the year, the company reported 0 percent and 3 percent operating-expense growth, respectively -- surprisingly low given issues with regulators and competition, MoffettNathanson founding partner Michael Nathanson wrote in a note to clients Monday. Twitter did not immediately respond to a request seeking comment. All 10 members of the NYSE FANG+ Index were in the red Monday, with the declines led by Twitter, which was also the worst performer in the S&P 500 Index.
Randy Wilson, Cendrowski Corporate Advisors By Randy Wilson Amidst the discussion following President Trump’s mid-August ask of the Securities and Exchange Commission (SEC) to study dialing back corporate financial reporting to twice a year, perhaps the most salient long-term issue has been ignored – namely, the potential impact on private companies and their decision about […]
Facebook (FB) is spending $1.0 billion to build its first data center in Asia, one of its fastest-growing regions. About 40.0% of Facebook’s ~2.2 billion monthly users are located in Asia, which is up from less than 35.0% two years ago. Facebook has chosen Singapore as the location of its first Asian data center, which is slated to open in 2022.
Shares of Twitter Inc. are down 1.7% in premarket trading Monday after MoffettNathanson analyst Michael Nathanson lowered his price target on the stock to $21 form $23 and maintained his sell rating. He argues that the "true underlying cost growth" at Twitter is significantly higher than what the company reported in terms of operating expense growth, based on his recent analysts of the company's 10Q. "Moreover, given Twitter's dire need to improve platform safety and invest in more video content, we believe that expenses are set to escalate into the back-half of the year and in 2019," Nathanson wrote. "Consensus estimates appear to be under-estimating Twitter's expense build and will likely need to revise down margin expectations in 2019. With operating leverage flattening out, we believe Twitter's extreme valuation will come back into focus, which wouldn't be a good thing for the stock." Twitter shares are up 67% over the past 12 months, while the S&P 500 has gained 16%.
MoffettNathanson reiterates its sell rating for Twitter and lowers its price target, arguing that cost growth should accelerate. "For a business locked in competition with industry giants and under siege from regulators, reported operating expense growth has been amazingly low," Michael Nathanson says. Nathanson lowered his price target to $21 from $23, implying more than 30 percent downside from Friday's close over the next year.
Facebook (FB) has inked an agreement with the BBC (British Broadcasting Company) to air a weekly news show for its US-based Watch audience. Facebook Watch, or simply Watch, is Facebook’s online video service akin to Google’s (GOOGL) YouTube. Watch launched in the United States a year ago, and it began rolling out globally in August.
DUBAI (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif on Sunday accused Twitter of closing accounts of "real" Iranians, while allowing anti-government ones backed by the United States. ...
Twitter announced that they will introduce a new setting allowing users to switch from a timeline with most relevant tweets, to the original Twitter model with most recent tweets. CNET senior producer Dan Patterson joins CBSN with the impact of these changes on the upcoming midterm elections.
Tesla stock is under pressure after analysts at MoffettNathanson cut their price target. Yahoo Finance’s Alexis Christoforous and Jared Blikre have details.