Markets

Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations

Social media stocks surged on Wednesday after Snap reported third quarter earnings that crushed analyst expectations. Pinterest, Twitter, and Facebook all moved higher as the readthrough from Snap’s earnings report was that advertisers are increasingly switching to digital platforms with strong user engagement. Pinterest’s double-digit surge on Wednesday could also […]
Social media stocks Pinterest, Twitter, and Facebook surge after Snap crushes earnings expectations
Markets

Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million

US stocks slipped Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. Shares of Tesla and Facebook surged after reporting earnings. Today, blue-chip companies including Amazon,Apple,Gilead Sciences, Visa, and United will report earnings after market close. Oil prices gained on early signals of a […]
Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million
Markets

Short-seller Andrew Left’s Citron Research calls Twitter the ‘Harvey Weinstein of social media,’ says it will plunge more than 30%

Twitter is “toxic” for women, short-seller Andrew Left said Thursday. He called it “the Harvey Weinstein of social media.” Left cited a study from Amnesty International that claims Twitter fails to “effectively tackle violence and abuse on the platform,” undermining women’s mobilization for equality and justice. He says Twitter’s stock […]
Short-seller Andrew Left’s Citron Research calls Twitter the ‘Harvey Weinstein of social media,’ says it will plunge more than 30%
Markets

Twitter’s big improvements are ‘already priced in’

Twitter shares may be topping out, according to Macquarie analyst Ben Schachter. The stock has soared this year, and all of Twitter’s strategy and product improvements are priced in, he says. Plus, there isn’t a new catalyst that will drive further gains for the moment. Watch Twitter trade in real […]
Twitter’s big improvements are ‘already priced in’
Markets

Twitter closes at a 3-year high

Twitter just hit a three-year high. Shares have been volatile, but are up significantly in the past year. Watch Twitter stock trade in real time here. Twitter closed up 3.41% Monday to settle at $US37.90, its best level in three years. Shares got off to a red-hot start in 2018, […]
Twitter closes at a 3-year high
Markets

Twitter is whipsawing after posting its 2nd ever quarterly profit

Twitter reported first quarter earnings on Wednesday that topped analyst expectations. The company said it earned an adjusted $US0.16 per share where Wall Street had expected $US0.12. Shares rose more than 5% in early trading before giving up their gains. Follow Twitter’s stock price in real-time here. Shares of Twitter […]
Twitter is whipsawing after posting its 2nd ever quarterly profit
Markets

Twitter’s gains get wiped out despite saying it’s suspended 1.2 million terrorism-related accounts in the past 2 years

Twitter was up more than 4% Thursday, before reversing course after releasing its biannual transparency report. The company said it has removed 1.2 million terrorism-related accounts since August 2015. You can follow Twitter’s stock price in real-time here. Twitter on Tuesday released its 12th biannual “transparency report” which said the […]
Twitter’s gains get wiped out despite saying it’s suspended 1.2 million terrorism-related accounts in the past 2 years
Markets

JPMORGAN: Twitter concerns are ‘overdone’

Investor concerns about a regulatory impact on Twitter are “overdone,” said JPMorgan analyst Doug Anmuth. Twitter relies more on non-sensitive data than it does on sensitive data, so it’s not terribly exposed to regulatory risk, he said. Anmuth gave a $US36 price target on Twitter, which has been hit hard […]
JPMORGAN: Twitter concerns are ‘overdone’
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