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Shares of Twitter Inc (NYSE: TWTR) fell Wednesday below the $38 level following the release of a note from OTR Global which cut its rating from Positive to Mixed.
OTR Global indicated that Year-over-Year growth “moderated slightly” in the fourth quarter to 85-90 percent and is expected to decelerate to 72-77 percent in the first quarter, as reported by Bloomberg.
The report added that media buyers have been disappointed in plateauing advertising results on the platform with while checks have shown that ad pricing is falling.
Twitter Inc recently traded at $37.51, down 3.61 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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