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Saturday, May 01, 2021

$10 billion stock drop has Twitter pining for the fjords

Donald John Trump tweeted on Gab, "Twitter stock 'plunged' as results are no longer cutting it for investors. Shares are off 15% today. Bad forecasts are hurting the outlook but more importantly, in my opinion, it has become totally BORING as people flock to leave the site. Michael Nathanson stated, 'the math doesn’t make sense' as he lowered his price target. I guess that’s what happens when you go against FREEDOM OF SPEECH! It will happen to others also."

Its market valuation plummeted to $44 billion.

That is a loss of about $10 billion in a single day.

Yahoo Financial ignored the 1929 Stock Crash-like fall of Twitter.

The story failed to make the Drudge Report, which otherwise covers every little fart Twitter CEO Jack Dorsey blows.

A stock that is well-known dropping 15% in market value in one day should be big news, but it is not. Reporters love Twitter because it makes them feel important.

A few outlets did cover the news, of course.

CNBC reported, "The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior. Twitter also reported a profit of $68 million, contrasted with a loss of $8.4 million a year ago."

But as nice as those numbers were, they failed to meet expectations and frankly they failed to justify a $44 billion market valuation.

Market Watch reported, "Asked about how big the U.S. market can grow for Twitter, Chief Executive Jack Dorsey said on the call with analysts that he thinks it can be 'quite large.' He said the company hasn’t done enough to get people to what they’re interested in fast enough, but that with new products like Topics, 'everything we’re doing is around serving [the] two core jobs' of informing users about what’s happening and enabling them to talk about it."

The president is right. Twitter is boring. It stagnated. 

I can almost smell the Trumpenfreude.

Almost.

Let's wait and see what the next quarter brings.

Maybe Friday was a buying opportunity. Or maybe it was a flashing warning signal.

We shall see.

14 comments:

  1. Hah. Diminutive Dorsey using the phrase "quite large", clearly indicating his fictional penis.

    ReplyDelete
  2. Good. Censorship should have consequences.

    ReplyDelete
    Replies
    1. Add lifetime banning, leftist cesspool, etc.

      Delete
  3. Good.

    How does it make sense that Dorsey is the CEO of two companies while also micromanaging the banning of conservative views? How does this allow him to focus on the big picture of running and growing Twitter? It doesn’t.

    Hopefully shareholders will demand he resign.

    ReplyDelete
  4. I dropped Twitter (and Facebook) on 11/3/2020. I know I can't be alone (haven't watched fox news since either)
    These eyeballs watch golf and NHL or nothing!

    ReplyDelete
    Replies
    1. 310pilot YouTube videos cause the 1st officer has big boobies.

      Delete
    2. near the end of a hockey game when losing team pulls their goalie to add 6th skater, often the opposing team will shoot puck length of ice at the open net... That's almost curling isn't it Snow?

      Delete
    3. Pretty much Golf and UFC. Will watch the Dolphins in September. Just found out today that the Lightning have clinched a playoff spot. Don't get CNN... Curling News Network. As soon as our provider offers it, I'm in Gander!!!

      Delete
    4. Trump's owner, funnnneeeeeee!

      Delete
  5. Ooooooooh, Poor Twitter! I am sooooooooooooooooooooo
    not bummed!

    ReplyDelete
  6. TWITter is little more than an insane asylum with many of the insane people's imaginary friends (bot and sockpuppet accounts). Corporations are beginning to understand the destructive nature of bending the knee to the Hitchcockian rabid birds of TWITter.

    I have to agree with something I heard on a podcast last night. The cancelling of Gina Carson was "peak woke" and it's the beginning of the end for the Wokerati.

    Disney is uncancelling Gina-the episode of "Running Wild" with her in it will air and she's in negotiations to come back as Cara Dune. Cara Dune toys which were personally cancelled by Kennedy the day after Gina was fired are starting to reappear in stores. (One of the least reported things that happened in the aftermath of Ginagate is Disney+ lost about 40% of their subscriptions within a month. Disney+ is the only really profitable entity of the WDC at the moment. They can't afford that. Not to mention the questions asked during the investors meeting and the Forbes article.)

    Disney is dismantling that hive of scum and villainy known as Lucasfilm under Kathleen Kennedy. They stopped all Star Wars social media posts for 10 days at the beginning of April, before the stoppage it was a festival of Woke and calling the fans raaaaacists. Afterwards it's the Silence of the Wokerati. They're sunsetting Kathleen's contract (it ends in October) and have told her to basically sit in her office and play with her Rey and Kylo action figures until then. She no longer has any control. They signaled what has been rumored will be happening with their May the 4th poster. Look at it and see who ISN'T on it. They're going to retcon the Kennedy sequel trilogy out of the Canon.

    All of this is happening because the fans fought back hard against the full attack of the Wokerati. These attacks included things like doxxing, attempting to get people fired from their jobs, having their social media accounts banned and even threats of physical attacks-many of which were organized and orchestrated by Lucasfilm employees.

    Some of you may laugh and say "Who cares, it's just Star Wars." You should care because they're showing you the way to defeat Wokeism.

    ReplyDelete
  7. Face lift Discovering nightlife in Seoul is anything but a troublesome assignment. Wherever you go, you will see Koreans, expats, companions, couples, understudies and financial specialists celebrating it up.

    ReplyDelete