..."Many investors were foolishly building (an) investment thesis based on complete stupidity," Chowdhry wrote.
Twitter's share price closed at $17.92 on Tuesday. A $10 price tag would represent a more than 44 percent decline in the U.S. technology company's shares on Tuesday's closing price. It's not the first time that Chowdhry has said that Twitter could fall to $10. In October, the analyst said that next year, the fall is likely to take place.
The analyst said that Twitter's data quality is "horrible". Chowdhry said that many pollsters used Twitter data to predict a Hillary Clinton win in the U.S. election but the fact that Donald Trump won shows that data quality is poor. One reason for this is too many fake users on the platform, Chowdhry claims."