Saturday, October 31, 2020

Why Did Twitter Stock Crash on Friday?

Twitter stock fell by 21.11% on Friday.

On Thursday night the social media company announced strong third pro forma earnings of $0.19 per share.

But here is the problem. 

Twitter reported just 1 million new users added in Q3, its slowest sequential growth rate since late 2017

Well, that is what you get @jack when you block and harass your users. Eventually, you reach the tipping point where you are blackballing so many users that others have no interest in joining the platform since their favorite pundits are blocked from participating.

They find them on Parler, Gabor or elsewhere, instead.

I have never seen a company survive in the long-run by harassing a good chunk of its customers. The market just might be signaling you, @jack, that you are not different. That you are not the Soup Nazi, who is more performer than anything else.


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