TWTR stock down 15%
Here’s what Jack Dorsey said. What does he mean? https://www.thestreet.com/markets/twitter-dives-after-new-content-rules-limit-users-offset-solid-q2-earnings-14664461 "Our second quarter results reflect the work we're doing to ensure more people get value from Twitter every day," said CEO Jack Dorsey. "We want people to feelsafe freely expressing themselves and have launched new tools to address problem behaviors that distort and distract from the public conversation." "We're also continuing to make it easier for people to find and follow breaking news and events, and have introduced machine learning algorithms that organize the conversation around events,beginning with the World Cup," he added. "These efforts contributed to healthy year-over-year daily active usage growth of 11 percent and demonstrate why we're investing in the long-term health of Twitter."
The stock will be in 20s in a few months. Look at their PE. It’s higher than google or Facebook
It’s 35 now you mean it will go down more?
I believe so, but I won’t put my money on it yet
Twitter only became profitable earlier this year by cutting costs, like compensation. I don't see much potential for it going higher since the user base is stagnant.
Wall Street overreaction. Stock’s on sale.