|Bid||28.71 x 1200|
|Ask||28.85 x 800|
|Day's Range||28.75 - 29.62|
|52 Week Range||16.57 - 47.79|
|PE Ratio (TTM)||94.21|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||33.87|
Tesla stock is under pressure after analysts at MoffettNathanson cut their price target. Yahoo Finance’s Alexis Christoforous and Jared Blikre have details.
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 (NYSE:TWTR) 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.
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. ...
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. In August, Facebook ...
Twitter will now put live streams and broadcasts started by accounts you follow at the top of your timeline, making it easier to see what they're doing in realtime. In a tweet, Twitter said that that the new feature will include breaking news, personalities and sports. Among the updates, Twitter said it's now also supporting audio-only live broadcasts, as well as through its sister broadcast service Periscope.
About 800 bus drivers who provide transportation to multiple Silicon Valley tech campuses have reached a tentative agreement on a new contract.
When the @Twitter handle asked followers earlier today to explain the meaning behind their Twitter handles, it got a slew of responses -- including from its founder, Jack Dorsey.
According to VW, it is retiring the Beetle after its 2019 model year. Both the Final Edition SE and Final Edition SEL will be available in two different styles. Available colors will be Pure White, Deep Black Pearl, and Platinum Grey.
Twitter (TWTR) has recently unveiled a new audio-only broadcast feature on its Twitter app and its live-streaming app, Periscope, for all iOS users. The company’s addition of this feature is aimed at expanding its footprint in the broadcasting and publishing spaces, thereby competing with other players in the social media space. Twitter’s Periscope and live video platform have been underperforming in recent years due to the falling popularity of posting viral videos and breaking news on Twitter’s public live-streaming platform.
Twitter (TWTR) has permanently removed Alex Jones, a famous US conspiracy theorist, along with his website, Infowars, for posting objectionable and abusive content on the platform. According to the company, Jones reportedly posted a video in which he filmed and criticized CNN journalist Oliver Darcy at length during the recent congressional hearings on social media. Further, Twitter will not allow Jones to create new accounts or take over any existing ones on the Twitter platform.