Is Twitter a Buy After the Post-Earnings Plunge? : vimarsana

Is Twitter a Buy After the Post-Earnings Plunge?


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Everything seemed in place for
Twitter (NYSE:TWTR) to soar on its first-quarter earnings report.
The company delighted investors at its February Investor Day conference, unveiling a suite of new products and potential revenue streams. Digital advertising in general has been booming, as strong reports from
Alphabet and
Facebook showed last week, and the first quarter included a number of major news events like the Capitol insurrection and President Biden's inauguration, which helped draw people to Twitter. Third-party data even indicated strong traffic among users and advertisers during the quarter.

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