|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's range||44.20 - 46.87|
|52-week range||15.67 - 47.79|
|PE ratio (TTM)||2,262.00|
|Earnings date||25 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||31.65|
Shares of Facebook (FB) hit a new all-time high on Wednesday after the company's photo-sharing app Instagram rolled out a new long-form video feature. The move helps demonstrate just how important video has become, and shows why fellow social media firm Twitter (TWTR) looks like a strong buy stock at the moment on the back of its own live video push.
Shares of Twitter Inc. (twtr) are down 2.5% in Thursday trading after the company said it has agreed to acquire Smyte, a company that deals with safety, spam and security. "Smyte's team, technology and company mission are aligned with our focus on improving the health of conversation on Twitter, and we believe this will be a powerful addition to our ongoing work," Twitter said in a blog post. The company expects the Smyte acquisition to help it "address challenges in safety, spam and security more quickly and effectively" through the review tools and processes that Smyte offers.
Most of the tech stocks are following the FAANG on the upward journey and are easily crushing them from a year-to-date look. Below we have highlighted five of them.
Two Jack Dorsey companies, alike in their huge stock rallies, differ when it comes to recent short-selling sentiment. Square shares have gained 95% so far this year, while Twitter’s stock is up 92%. “The main difference I see is that Twitter short sellers are selling into the stock’s rally and increasing their short exposure substantially in June, while Square short sellers are buying to cover some of their short positions in order to stay around the $2 billion level,” said Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners.
Twitter’s (TWTR) CEO, Jack Dorsey, has long considered making its service easier to understand and using it to attract more users to the platform. A few years ago, Twitter revealed that over 500.0 million unregistered members access its site every month. Recently, Twitter took a major step toward making its service easier to understand while making it more appealing.
In 2018, it pays to be on Jack Dorsey’s side. Square Inc. and Twitter Inc., which both count the tech titan as chief executive officer, are on the brink of boasting 100 percent gains this year. Square rose as much as 4.6 percent to $68.97 on Wednesday while Twitter gained more than 4 percent to $46.92.
Competition for eyes and ads keeps heating up as Alphabet, Snap, Twitter and Facebook's core platform all ratchet up original and curated content.
Shares of Facebook Inc. (fb) are trading at record levels and topped $200 for the first time in Wednesday trading. If the gains hold, this would mark Facebook's third record high in the past week. Shares are now up more than 45% since late March, when news about the company's Cambridge Analytica scandal first broke.