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Keep that TWTR love going fellas... down 9% after hours. Anyone holding this dog is headed for even more pain. It's not a viable company.
Probably a reaction to Cory Booker or Michelle Obama or whoever saying a President can't run the country through Twitter. There goes that business model.
I'm still holding a small TWTR position from back in the day. Just added about 50% to it post market around 9-10% down. Do I think there's a real business here? No, I don't, and I don't care. I play movements and buy and flip. There's always going to be some business here to be had and I assume that it'll recover a little and eventually there'll be some sort of buyout rumour and I can make 10-15% on it. I don't care whether it's profitable or not, it's just a flip.
At this point I'm just buying down so i can get closer to getting out with a breakeven or a bit of money. Average cost is about 17 at this point so if it comes up from this drop I'm planning to sell right where it was before the report and I'm out of this one. Probably my longest holding, hell. Started buying it originally in the 40's then sold and rebought in the high 20's.