Twitter’s worst day since 2014

Twitter Inc. posted its worst day since 2014, after the company’s third-quarter results showed fewer new users than analysts forecast.
The company’s social media shares fell 21 percent after saying that in Q3 they added only a million users a day, which is 8 million below forecasts, despite live sports and the presidential election, which was expected to attract more users to the platform.

The decline on Friday erased the market value of $ 8.8 billion, but the stock is still 88% up from the bottom in March.

The stock options suggest lowering the price by the end of 2020.

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Institutional players are mostly neutral for the company.

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The company’s reports show a solid base for generating cash flows and long-term revenue growth.

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Source: Bloomberg Pro Terminal
Graphics: Used with permission from Bloomberg Finance L.P.


 Junior Trader Kameliya Ivanova

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