Market Overview

Users Take To Social Media To Express Why Twitter Is Great

Users Take To Social Media To Express Why Twitter Is Great

This week, the hashtag #TwitterIsGreatBecause trended on Twitter Inc (NYSE: TWTR) as users shared everything they love about the social media platform.

Unfortunately, Twitter stock hasn’t been so great for investors. Shares have declined more than 52 percent in the past three years as the company has struggled to grow and monetize its massive user base. Previous supporters, such as Lowercase Capital’s Chris Sacca, have abandoned the stock. Sacca tweeted earlier this year he sold his Twitter shares and “lost hope” in the stock.

Love And Hate

“Love the service, hate the stock,” Sacca added.

Despite the poor long-term performance, Twitter stock is actually up 14.4 percent so far in 2017. Most of those gains have come in the past month after Twitter reported a surprise jump in monthly active users in first quarter. In addition, entrepreneur Mark Cuban recently revealed that he has been buying shares of Twitter as an artificial intelligence play.

“I started buying Twitter recently because I think they finally got their act together with artificial intelligence,” Cuban said in an interview.

Cantor Fitzgerald analyst Kip Paulson recently write that Twitter has announced 14 new or expanded streaming video content deals as well. Unfortunately, he also noted that Twitter will likely continue to lose market share to Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL).

Overall, Wall Street remains more bearish on Twitter than bullish. Of the 38 analysts that have ratings on Twitter, the stock has 13 Underperform/Sell ratings compared to just 4 Buy/Outperform rating, according to CNN Money.

While the jury is still out on Twitter stock as an investment, here’s a sampling of what Twitter users said they love about the platform this week:


Related Links:

Twitter Positioned As Share Loser To Facebook, Google; Can Live-Streaming Deals Turn It Around?

Is Social Media Hurting ESPN's NFL Draft Coverage? Not Much As You Might Think


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Posted-In: Cantor Fitzgerald Chris Sacca CNBC Kip PaulsonNews Tech Media General Best of Benzinga

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