All Hail President Twump
Wait! Perhaps he’s a public relations nightmare for the notorious social media giant.
Let’s see what the data says.
Twitter shares are crushing the S&P 500 by 10% so far this year.
Such a performance isn’t anything to sneeze at.
So let’s dive deeper…
Most of the upward price action just hit, stemming from an “earnings beat” in the latest quarter by 22%.
Again, it’s hard to knock a company expanding its earnings base.
Deeper we go…
Twitter’s active monthly users increased, too — albeit modestly.
Revenue decreased, meaning the profit boost is mostly the result of cost-cutting measures.
Twitter cut its research and development (R&D) spending, likely in an effort to pad its bottom line. Slashing R&D can’t be good for a pseudo-technology company. Eek.
In fact, Twitter’s “big move” is likely a mirage — the effect of short-sellers closing their positions.
Some analysts are even calling Twitter a “zombie” stock.
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