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Twitter Stock Shows Worst Performance in S&P 500

DATE OF PUBLICATION: 2021-01-22 14:23:57 Twitter shares show the worst dynamics relative to other components of the broader S&P 500. So, since the beginning of 2021, the company’s securities have dipped by more than 10%, and at this time the indicators of the S&P 500 rose by 2.5%. At the time of this writing, Twitter shares are trading at $ 47.13, just 4% above the start price on the day of the IPO, in November 2013. Apparently, the account of the 45th US President Donald Trump was blocked. which was made in response to the storming of the Capitol on January 6, clearly did not like the investors. Such drastic measures on the part of the company’s management are 100% likely to worsen its short-term prospects. Moreover, there is very little time left to show really good financial results this year. Experts of the leading analytical company Argus Research predict that such decisions of Twitter will deprive the social network of several million active users. In light of these events, Congress is likely to continue the fight against monopolies. By the way, Twitter is not the only social network that blocked Donald Trump’s account, but it was its shares that dropped significantly against this background. By comparison, Facebook fell just 2% in January, Snap climbed 4%, and Pinterest jumped 10%. Blocking an account of the former president of the United States was not exclusive to Twitter’s leadership. Before that, the company began to cleanse its social network from various “fake and suspicious” users. The purge began back in October, when Twitter executives suggested that Russia was using the social network to interfere in the 2016 presidential election. Recently, however, the scale of account blocking has turned out to be truly frightening, which is why the market could not help but react to it. The American daily The Washington Post said that over the past two months, as many as 70 million accounts have been frozen, which is almost 20% of the total number of Twitter users. The decision to block Trump only added negativity and increased the wave of resentment. As a result, the stock of the company sank significantly. Notably, Twitter shares gained 6.8% in value last week, all thanks to very flattering comments from the analyst of the bank holding company Wells Fargo Peter Stabler, who praised the management of the social network for improving the efficiency of monetization. and also for the successful integration of video content. But later, this euphoria of market participants against the background of a positive review subsided, because the current sweep by a social network showed an incredibly large number of accounts that are not of commercial value. Taking this into account, it becomes clear that the nearest prospects for monetization are not so bright. Material provided by InstaForex – Source – InstaForex

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