TWTR

Twitter Inc

TMT


Presented:11/25/2020
Price:$46.43
Cap:$36.93B
Current Price:$53.70
Cap:$41.09B

Presented

Date11/25/2020
Price$46.43
Market Cap$36.93B
Ent Value$32.55B
P/E RatioN/A
Book Value$9.83
Div Yield0%
Shares O/S795.35M
Ave Daily Vol18,519,575
Short Int3.69%

Current

Price$53.70
Market Cap$41.09B
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. It’s products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse, and Evan Williams on March 21, 2006 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Pinterest Inc (PINS), Snap Inc (SNAP), Twitter Inc (TWTR) 

Highlights 

The presenter is long TWTR despite the headwind of disappointing DAUs reported in the latest quarterly results. He notes that the company has a history of failing to execute, resulting in the Elliot / Silver Lake activist campaign that put pressure on CEO Jack Dorsey to make shareholder friendly changes to the business. In Q3, the company announced its decision to delay general availability of the highly anticipated mobile application promotion and direct response ad products until 2021 (originally scheduled to be released in July). With the pending release of these new ad formats, an upcoming analyst day scheduled for February 25th, and positive checks on advertising/usage on the heels of weak comps, he believes the stock presents an attractive risk return profile, with an upside target of $70.

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Idea Discussion

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