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Is This The Reason Twitter Is Tumbling After Hours?
While overall Twitter's just released Q3 numbers were more or less in line as expected, with Q3 EPS printing at just a penny, the same as expected on $361 million in revenues, $10 million higher than the $351 million consensus estimate, and even EBITDA of $68 million beating estimates of $52.8 million, the stock has tumbled by some 12% since reporting after hours.
And while the headline data appear normal, it is one of the gimmicky, non-GAAP "twitter-specific" indicators that the company came up with just to validate its growth story that appears to be the cause of the drop after hours, namely TWTR's Timeline Views/MAU, which declined across the board, and were down in both the US and Worldwide not only Y/Y (by -6% and -7%, respectively), but also down compared to the second quarter.
Is this the end of the great non-GAAP growth story? Judging by the market cap, which just lost about $3 billion in value, the answer may be yes.
Mark Mahaney seems to think its all ok from here...
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Perished by its own sword, MAU?
Yup.
Refresher for the next round of chickensoup stump speeches:
http://www.youtube.com/watch?v=qXBswFfh6AY#t=279
Consider that my rebuttal to the "inflation" argument in the earlier thread, on how gov. subsidies/speculation needs to be netted out of any argument that retail non-core inflation in meat/cereals is proof for US hyperinflation. I cba to find my comments in the other thread's spam. Sue me.
20X rev is cheap......right?
They'll make it up in volume.
Time to go long oil. Gartman just opened his moronic mouth on CNBS and said he think it could lose another 15$/barrel. This should mean it will be back above 90 by the end of the year....
Twitter. Lol.
This is innovation in USSA. Twatter. Lol.
He told their producers 10 bucks. He is only trying to defend his long position.
He's hoping someone will start the Peak Oil Bullshit again.
Between a World Recession and growth contraction, throw in Ebola and it is over for years.
Rocker,
Hey bud, sorry to bear bad news, but while peak gross global oil production isn't here yet, positive cash flow from extraction activity is become rarer by the day.
Or a lot of longs lost their shorts!*
Yes. Correct. Now it's a buying opportunity.
QWTR
What do they make again?
fools of celebrities
not just celebs...
I mean who in this entire world didn't absolutely love seeing that sociopath, freak, shithead, loser from New York, Anthony WEEEEENER, totally bury himself in front of the whole world on Twitter and then lie over and over again about it (as sociopaths love to do).
That was so great to see happen to that piece of shit...there wasn't enough popcorn to enjoy during that shit show. LOL
They would be more accurate itf they swapped out the first two letters of their name with 'sh'.....
Or the "I" with an "A"...
A new toy arrives every month...
couldn't be a price to sales of 35?
Never mind a P/E in the thousands
I just know they're gonna make a fortune,... someday,... just like Amazon...
No. It is because a fucking egocentric blab feed about vapid fuck all is not worth a pinch of coon shit in a wind storrm, bitchez.
Thank you for that authentic frontier wisdom.
Auto tune it with some dubstep please. I'll pay for a download
PMs also getting slammed after hours. Did gold or silver also release Q3 numbers?
BTW, options expiry tomorrow, bitchez.
PMs getting hammered again Silver hitting $17. JPM apparently has 80% of the commercial silver short position. Nice.
# Passing. FAD . Not. Cool . No . Mo
#whothefuckcares
#Winning
#bangin7gramrocks
#tigerblood
Passing Fad indeed. My 2 teenage daughters give me the eyeroll and the look that says, "Dad you're so not with it," when I mention Twitter. That's where parents go to spy on their kids, and pervs go ...to do whatever it is pervy people do.
#BTFNSASD ....... Buy the fucking NSA (speaks for itself) spyware dip.
When is the last time you heard some moron talking about tweeting something except maybe the stupid pieces of shit who live in the whitehouse.
Would it help if goes to 280 characters per tweet?
Double the profits! Brilliant! No business plan needed!
Di Di Mau ... MAU ... reminds me of THE DEER HUNTER scene
This market went dinky-dau a long time ago.
What I find surprising is that there are people (or machines?) out there thinking 44 USD is the "new" fair valuation of TWTR.
Same last Friday with AMZN. New "market price" now at 290 USD. Why 290? Why not 295 USD? Or 97 USD?
Or last Thursday YELP. Priced "correctly" now at 57.21 USD. P/E of 3,676.74. WTF?
Earnings? Who needs earnings when you have FED gravy and tech mania?
Reason "twitter" is tumbling. THe narcissists who are addicted to themselves have long passed their "maximum" dose, well into their "toxic" dose and many now are succumbing to the "lethal" dose. It's a drug, folks, just like Facebook. A mirror is cheaper and does a better job.
There's never been a better time to be an NSA data collections agent.
So much data...and so little analysis.
But baby, baby, there's fever in the funk house now.
This low down bitchin' got my poor feet a itchin',
You know you know the duece is still wild.
Baby, I can't stay, you got to roll me
And call me the tumblin' dice.
Always in a hurry, I never stop to worry,
Don't you see the time flashin' by.
Honey, got no money,
I'm all sixes and sevens and nines.
Say now, baby, I'm the rank outsider,
You can be my partner in crime.
But baby, I can't stay,
You got to roll me and call me the tumblin',
Roll me and call me the tumblin' dice.
http://www.youtube.com/watch?v=6U8JlcB_BzA
(The tide goes out.)
Social media is hot until it isn't
Oh, really?
You should see my Myspace page...
Netscape, Pets.com, MySpace....
a penny. lulz
#WINNING!
death letter.... in 140 characters or fewer...
"You're next."
Gartman on CNBC calling for a big drop in oil.
Trade accordingly!
Oh man. Come on. This guy ruins everything.
I think the fucker may have hit his "stopped clock" guess this time.
I believe that oil will slip slide.
He's saying it will be $10/barrel eventually because Lockheed Martin will have a Fusion reactor ready within 5 years.
Says crude oil will become like whale oil.
He might have jumped the shark.
Just when I give him credit for a lucky guess, he even fucks that up!
It will go low enough so that a bunch of oil rookies will be out of a job. Too bad for them.
Tyler should have made this front page news. CoT positioning, today's hammer candle in WTIC and now Gartman's whale tale make this one sure fired honey of a trade. Given how bullish everyone is on the USD and bearish on anything commodity related (including PMs), I could see Mr Yellen making a right royal mess of things on Thursday. QE4EVA....
Prolly so.
Watch for whipsaws.
Time for new metrics if the old metrics are giving you down days.
So, if this POS lost $3 billion in market cap, that would make it worth about -$2.5 billion, right?
Useless social media stock, it's the canary in the coal mine for the rest of the stocks.
the POMO darlings will all be cratering soon
fundamentals don't matter until they do
QE done, stocks dropping
it was simple to explain why stocks went up and now it's simple to explain why they will retreat.
Twitter stock is not about revenues, it's about thinking you got something of value....
Instead of worrying over Twitter, maybe someone should pay attention giant commodity trader Noble, which just jumped off the high dive for a 10% drop.
Not on MyFace much anymore.
If Twitter blinked out of existence this instant, there are hundreds of tech companies who could have something similar up and running in about a week.
In other words it doesn't do anything special or difficult. Therefore it isn't really worth anything in any real sense.