Quote:
Originally Posted by Mull
Remember when posters here said banning trump won't impact Twitters value?
I remember reading that and thinking, how in the world could someone think that, given the advertising and users Trump gave Twitter
Well...
https://www.bnnbloomberg.ca/twitter-...-500-1.1551743 |
Where to start...
The fact that Trump had millions of followers is irrelevant, unless those followers actually leave twitter. Certainly, some will. But for how long? Will they
stay away? Because if they come back - and they most assuredly will, IMO - and the stock is down because of their numbers, then it is nothing but a buying opportunity.
Second, stock prices are volatile. I see nothing on the charts posted that suggests the stock is hurting. It looks like a stock that had a nice run of more than 100% since Covid hit (from mid-twenties to about $55) and is seeing a bit of a correction from that. Can we attribute that correction to Trump? Maybe, but we can't say for sure.
Most importantly, there is a small tidbit of information in that article that you quoted that is FAR more likely to be the reason that it has had a bit of a correction: "
and that the move could “further push Congress to move ahead with its anti-monopoly activities.”
Now
that is something that will impact the stock price!