Here's what 6 Twitter analysts are saying about the depressing outlook and stock price crash
REUTERS/Lucas Jackson
This gloom dominated the tone of Twitter's earnings announcement. Despite better-than-expected Q2 profits, Twitter shares plummeted.
"We have not communicated why people should use Twitter nor made it easy for them to understand how to use twitter," Dorsey added.?
"The bottom line for TWTR is that after nine years of its existence, my mother still doesn't understand what it means to "hashtag" something, but she does understand what it means to "like" something," Macquarie analyst Ben Schachter said. "That is to say that Twitter is still too difficult to use and inaccessible to too many."
The stock closed at $36.56 on Tuesday, and plunged 12% to around $32.15 after the news. Is it time to buy?
Wall Street analysts covering Twitter are split. Of the six research notes read by Business Insider, three analysts maintained a "buy" or "outperform" rating on the stock. The other three were neutral. No one is saying to sell.
Here's some of what they had to say:
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- India not benefiting from democratic dividend; young have a Kohli mentality, says Raghuram Rajan
- Indo-Gangetic Plains, home to half the Indian population, to soon become hotspot of extreme climate events: study
- 7 Vegetables you shouldn’t peel before eating to get the most nutrients
- Gut check: 10 High-fiber foods to add to your diet to support digestive balance
- 10 Foods that can harm Your bone and joint health
- 6 Lesser-known places to visit near Mussoorie