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According to the news, Twitter shares surged twenty-one percent on a positive earnings report. According to USA Today online
Twitter’s shares rocketed over 21% higher in midday trading on Wednesday after soaring more than 30% in the prior session as the social media firm beat Wall Street’s forecasts for profit and user growth.
Those trading Twitter had expected the company to lose a penny a share but Twitter reported a two cent a share gain on the back of more users and the ability to turn users into cash.
What Is Twitter?
Twitter went up thirty percent one day and twenty-one percent the next. Is there any more profit to be made from trading Twitter? First of all what is Twitter and what does it do to make money? What Google Finance has to say about TWTR is this:
Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. Twitter is a real-time platform, where any user can create a Tweet and any user can follow other users. Each Tweet is limited to 140 characters of text, but can also contain rich media, including photos, videos and applications. Viewers can see photos, videos and conversations directly in Tweets to get the whole story at a glance, and all in one place. The Company offers Twitter apps for phones, tablets and computers. The Company generates its advertising revenue primarily from the sale of its three Promoted Products: Promoted Tweets, Promoted Accounts and Promoted Trends. Its users include millions of people from around the world, as well as influential individuals and organizations, such as government officials, celebrities, athletes, journalists, sports teams, media outlets and brands.
Twitter is very popular and it is growing and learning how to make money from its large user base. As such investing in Twitter could be profitable even after the recent run up of the stock. However, trading Twitter can be profitable when the stock goes up and when it goes down. Where is Twitter going next?