That is actually not a bad idea. A business with poor underlying fundamentals must either improve, or lose market cap. I'll have to give some serious thought to shorting twitter.
EDIT: It may be too late. It has already had major drops in the last quarter, and is down almost 50% off its highs from 2014.
Also on my agenda, which is an interesting situation for me because I'm a heavy user.
I think it is a great way to stay up-to date on what happens in startup-land and in open source, the granularity with which you can follow people still fascinates me. Seeing that 95% of what active human accounts post is pretty useless, I don't see justification of a $20bn+ market cap, especially without growth.
PS: They've recently cranked up ads, next earnings report could surprise ...
Comments
That is actually not a bad idea. A business with poor underlying fundamentals must either improve, or lose market cap. I'll have to give some serious thought to shorting twitter.
EDIT: It may be too late. It has already had major drops in the last quarter, and is down almost 50% off its highs from 2014.
Also on my agenda, which is an interesting situation for me because I'm a heavy user.
I think it is a great way to stay up-to date on what happens in startup-land and in open source, the granularity with which you can follow people still fascinates me. Seeing that 95% of what active human accounts post is pretty useless, I don't see justification of a $20bn+ market cap, especially without growth.
PS: They've recently cranked up ads, next earnings report could surprise ...