Breaking: Twitter (TWTR) reports strong earnings, users up 24%
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UNLOCK OFFERShares in Twitter (TWTR) are trading strongly on Wednesday after the company announced a strong set of results for Q4 2020. Investors' fears were eased after worries the removal of former President Donald Trump from the platform may hurt user growth. However, Twitter announced Daily Average User (DAU) growth of 24% year on year. Twitter CFO Ned Segal, speaking on CNBC said the company had enjoyed growth of DAU in January 2021 higher than the average of the previous four January's.
CFO Segal also said former President Trump would not be allowed back on the platform if he ran for president again. Twitter policy is that once someone is removed they are not allowed back on the platform.
Both Morgan Stanley and Rosenblatt increased their price targets for Twitter (TWT) shares on Wednesday.
Market Reaction
Shares in Twitter (TWTR) are trading at $65.10, up 9% at the time of writing during Wednesday's pre-market.
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Shares in Twitter (TWTR) are trading strongly on Wednesday after the company announced a strong set of results for Q4 2020. Investors' fears were eased after worries the removal of former President Donald Trump from the platform may hurt user growth. However, Twitter announced Daily Average User (DAU) growth of 24% year on year. Twitter CFO Ned Segal, speaking on CNBC said the company had enjoyed growth of DAU in January 2021 higher than the average of the previous four January's.
CFO Segal also said former President Trump would not be allowed back on the platform if he ran for president again. Twitter policy is that once someone is removed they are not allowed back on the platform.
Both Morgan Stanley and Rosenblatt increased their price targets for Twitter (TWT) shares on Wednesday.
Market Reaction
Shares in Twitter (TWTR) are trading at $65.10, up 9% at the time of writing during Wednesday's pre-market.
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
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