Twitter: mDAUs Surge
The investment thesis on Twitter (TWTR) has long centered around the growth of DAUs. In Q2, the social media site saw the mDAUs jump to 139 million, up from 134 million in Q1. Since the turnaround started in Q1'16, this quarter saw the largest sequential increase in users not related to Q1.
The stock is up above $40 on the news. Twitter will likely test the yearly highs at $40.92, but the numbers might not justify a rally to new highs. Good numbers regardless.
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More research: Twitter: Ride The Breakout
Disclosure: Long TWTR. Please review the disclaimer page for more details.