Thursday, October 6, 2016

Twitter: No Deal, No Problem

Twitter is down 20% as bidders disappear from making premium bids for the social media service.
The company has plenty of catalysts with live-streaming deals and the emergence of generous video ad revenue sharing with content creators.
The dip below $20 provide opportunity as either the video catalyst will launch Twitter back into growth mode or the company will accept likely bids in the mid-$20 range.
Twitter (NYSE:TWTR) is in freefall today as the market comes to the realization that a deal isn't imminent. Despite constant media rumors, the company never really signaled that the social media site was for sale and definitely not at prices anybody would pay.
Read the full article on Seeking Alpha. 

Disclosure: Long TWTR. Please see the disclaimer page for more details. 


No comments: