..."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."
15 comments:
While I know at least one person who runs some sockpuppets on twitter, and many more that have both a business feed and personal feed; I have heard of many real users that either have quit Twitter in disgust or were banned. So I'm not surprised that the majority of remaining users are likely fake.
I've never had a Twitter account, and while I know I'm no angel on the internet; Twitter seems to take the mudslinging to a new level of low.
Twitter is a jungle. The censoring will not tame the jungle. It will just make it worse.
Twitter gave us Leonard Nimoy's last words, so it did some good in this world.
Trump is all that's keeping it alive.
ndspinelli said...
Twitter is a jungle. The censoring will not tame the jungle. It will just make it worse.
Do what the Limeys did: burn it all off, build a railroad, dig for gold and diamonds, shoot any of the natives that get saucy.
I don't have an account, and could never get into reading it. But I like the description: a microblogging platform.
I think it's completely logical that fake users would support Hillary.
I have an account, but I'm not a tweeter. Not gonna do it. Wouldn't be prudent.
Complete Stupidity!........it's what's for dinner.
Y'know, bag, the idea the Lefty pollsters didn't think people had multiple accounts gives a pretty good idea of how dense they are.
The problem with Twtter stock is not "live streaming" but general douchbaggery by Twitter.
too many fake users on the platform,
Too much fake! Wow ow, ow, ow, ow, ow, ow, ow, ow, ow, ow, ow, ow OW!
I think that whenever the Tie, I, I, I, I, I, I, I, I, I, I, I, Tie shows up with more micely crafted lampoonery.
Who'd have thought a false front matters in the long run?
when twitter first started, it was basically hookers and porn. Now it's sockpuppets and trolls.
I met my husband on Twitter! I'll stick around until it ends. I like the information I get from the list of follows I've tailored.
Darcy is one of a minority of women who can court, and be courted, in 140 characters or less.
"I met my husband on Twitter! I'll stick around until it ends. "
I think he would appreciate that. Besides, you promised.
lol!
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