And yet up $10 since Nov 2nd, up $7 since Sept 16th and up $15 since a year ago today.
People are trying too hard to make this a "thing." If you look at it in terms of a few days, sure, but you zoom out and the loss is insignificant. Oct 29th had a far bigger loss.
I'd argue if anything this entire episode has proven Twitter's public impact (good or bad, it is HIGH). I'd say "buy the dip" but per above the drop isn't significant enough to really get overly excited about either way.
If twitters public impact is high, why would foreign governments allow them to operate in their country? Itβs banned in China, and Uganda also banned social media prior to the election.
This is not good for user growth, which is what twitter relies on to make money (eye balls for advertisers)
Advertisers don't want to buy ads next to some content (death threats, racism, conspiracy theories). If it grows a userbase that is advertising compatible, that is likely better for their bottom-line rather than appealing to a demographic nobody wants anything to do with.
That demographics definitely has non-zero purchasing power, and thus is worth advertising products to. Marginalizing it will only further increase social tensions.
People are trying too hard to make this a "thing." If you look at it in terms of a few days, sure, but you zoom out and the loss is insignificant. Oct 29th had a far bigger loss.
I'd argue if anything this entire episode has proven Twitter's public impact (good or bad, it is HIGH). I'd say "buy the dip" but per above the drop isn't significant enough to really get overly excited about either way.