Twitter is In Trouble
Apparently despite the President's frequent use of the platform, Twitter is in trouble. It has been shopped for a while now according to sources with no eager buyers of the network piggybacking platform. Ad revenues are shrinking as that model is losing momentum in technology overall. The product does not have a protective moat in our view, and it piggybacks on existing technology. Like Instant message platforms, it seeems unable to create a premium feature to compensate for advertising. Lets face it, if FaceBook is for the OCD type, Twitter is for the ADD type. And that isn't good for retaining viewers. That's just our take.
Today, Morgan Stanley made it official anddowngraded its price to $10. Ouch. Twitter is down $2.00 as of this writing
Morgan is Not a Fan
h/t @zerohedge for pic