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NYSE "Breaks" As Twitter Slumps To New Record Low
Even as the Dot-Com 2.0 exasperates to new highs, it seems Twitter - the darling of the no-profit-but-lots-of-hype recent IPOs - is losing its lustre. TWTR is down 4% today to new lows post-IPO under $40. The catalyst for this latest slump appears to be a WSJ article about "fake accounts" - whocouldanode? Of course, it wouldn't be the new normal markets without an exchange 'breaking'... The NYSE and NYSE MKT cash equities markets is working to resolve an issue with customer connectivity.
In securities filings, Twitter says it believes fake accounts represent fewer than 5% of its 230 million active users. Independent researchers believe the number is higher.
Italian security researchers Andrea Stroppa and Carlo De Micheli say they found 20 million fake accounts for sale on Twitter this summer. That would amount to nearly 9% of Twitter's monthly active users.
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Inconcievable.
this is one of the reasons why Twitter is fcked --
Twitter is nothing but a Ponzi and Pyramid scheme combined
Twitter and MLSE make deal on sponsored tweetsIf you’re tweeting about Saturday night’s Maple Leafs game, you might notice some posts floating into your timeline via the Leafs’ official Twitter account – short videos featuring behind-the-scenes footage and an advertising message from Molson.
Get used to them.
This week Twitter and Maple Leaf Sports and Entertainment entered into a long-term agreement under the social media network’s Amplify program, under which Twitter and a content provider split the revenue from ads attached to videos embedded in tweets.
http://www.thestar.com/sports/2013/11/22/twitter_and_mlse_make_deal_on_s...
so basically an organization or individual who contributes content, gains followers etc on Twitter is pushed aside by a deep pocketed sports organization
but it gets better
Inside a Twitter Robot Factoryhttp://online.wsj.com/news/articles/SB1000142405270230460710457921212208...
Everything is "a ponzi scheme" according to ZH posters. I don't like TWTR, (it's pretty much useless) but it's not a ponzi it's just a crappy over-hyped stock.
Really low volume and we get this shit? What kind of pussys are in NY these days where they can't take a loss like real men.
The "new" economy.
Social media where your identity is stripped bare, government spies on you and you're being indoctrinated, your inner consumer is massaged and you will pay for it and you will like it!
I, for one, am shocked... SHOCKED!
How does the street not see TWTR for the zero-revenue entity goldmine that it is???
I do not think this word means what you think it means.
-Montoya
Surely TWTR will make an "amazing comback", right?
Look out the FED's releasing a new beta version.
shocking. stocks about to go red, and the "markets" break. expect dow +190 by close now.
Nasdaq down 0.01%. The humanity! Somebody get some emergency support stat!
Quick then BTD
Sorry to late, dip now gone as they BTFD
No worries then BTFATH....
I guess when an "exchange" breaks customers are a bit more connected to their money...damn sure gotta fix that.
In 2000, we had that sock puppet. In 2013, we got the twitter fail whale.
I think I like the #AskJPM whale better...
If this keeps going up Linkedin may fall below 10 oz of silver.
Think about that. You can have 10 ounces of silver, or one share of a website that people constantly update so they can hopefully nail that temp to never perm job.
i was hoping you'd put the period after temp.
pakistan in the past only allow stock market down 1% but no limit to upside, this might be useful for twtr
At $39, it's trading at a market cap of $ 21.32B. What a bargain!
No worries. I'm sure everyone will be able to get out "just in time" when the markets crash. Oh, I forgot.... it's different this time.
Maybe Twitter needs to change it's ticker symbol to TWTRQ
It was kicking ass before everyone found out that was actually "Tweeter".
Or maybe they should hire Mylie Cyrus and call the company "Twerker"
Porn is the biggest money maker there is on the internet...change the name to "Twatter" and you're good to go!
Or better yet, just poor gasonline over the entire fucking server farm and light that match.
All the more reason to resume the charge to new all-time record daily highs I'm sure.
Everyone sends all their capital to the west coast in hopes of making millions on an IPO. That makes a bunch of [m,b]illionaires out west that immediately cash out and inflate real estate prices and buy lots of fancy cars and toys. They write books telling you to "lean in" or something vaguely useless like that. California gets lots of taxes to pay off all the public workers. Then the stocks crash because the company's didn't really have sustainable business models. And then all the people sell their stock and write off their losses swearing they'll "never get suckered again". And it turns out "never" seems to be about 12 or 13 years.
Wealth Creation
#BTFD
"I'm an Angry Bird now."
Every Twitter investor who got sucked in at $45+.
What did people expect? That is a atronomical valuation for a speaker company trading on OTC.
Too many Fake Twankers. You know we're living in la-la-land when its a headline like this that causes a multi-billion market cap company's stock to go down.
I am shocked I tell you, absolutely shocked!
Fake accounts... for a fake stock ...........
Bots are people too! The Supreme Court says so.
TOP SECRET! do not reproduce in any form or you will be penalized to the maximum extent of the law! This is the secret algorithm of the FOMC:
1. S&P500i = m * S&P500i-1 + n (m and n come from the regression line between the balance sheet of the Fed Res and the S&P500 from 2011 and 2013)2
2. for t=1 to infinity {
if S&P500 < S&P500i then BUY 1000 SPY
else ( if S&P500 = S&P500i do nothing
else ( if S&P500 > S&P500i SELL 1000 SPY))
S&P500 = Get_value_of_S&P500 }
Fake accounts??? Oh Fuck - I should have known...
Twitter
Facebook
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Instagram
Pinterest
Google
Yahoo
Outlook
You name it over 50% of the accounts are fake. Twitter I would guess 70%. I have software that can create 100s of Twitter verfified accounts in a few min. Take that globally. And that is but 1 of 100s of sites.
These companies all know it. They kind of deal with it, sort of. But they all know that account growth is all they got. So they lend a blind eye and do not give a shit about it. They reap billions of combined dollars in investments from the account growth meme. They get far inflated ad rates. Its all a scam. It was 6 months ago, 1 year ago, 2 years ago, 5 years ago. As time goes on the scam gets bigger.
This does not mean the companies have nothing - it means the growth prosects are junk vs actual users. I would imagine that only 30% of Twitter accounts are truely "unique", Facebook, perhaps 40%. The fraud comes in presenting the whole book as genuine. Fake Twitter accounts tweet all the time. There is tons of software to automate it. I have some. It works. If I wanted I could control 10,000 accounts. Its a waste of time but pressed to prove it, it could easily happen. Think about all the idiots in China, Russia and many other countries that have nothing better to do. They control armies of accounts and sell access to them or use them for spamming. As quick as 1 is closed down they open 5 more. The companies CAN NOT STOP IT or the actual negative or 0 growth would show.