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Twitter, Inc. (TWTR)

NYSE - NYSE Delayed price. Currency in USD
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74.59+2.67 (+3.71%)
At close: 4:03PM EST

75.50 +0.91 (1.22%)
Pre-market: 5:47AM EST

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Trade prices are not sourced from all markets
Previous close71.92
Open78.15
Bid75.02 x 1000
Ask75.30 x 800
Day's range73.89 - 80.75
52-week range20.00 - 80.75
Volume63,103,705
Avg. volume18,204,256
Market cap59.534B
Beta (5Y monthly)0.75
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Bloomberg

    Day Trade Adviser AwesomeCalls Sued for Selling Stock Picks

    (Bloomberg) -- An online provider of stock tips for day traders was accused by California’s attorney general of capitalizing on the Covid-19 lockdown by illegally selling investment advice without a license.Beverly Hills-based AwesomeCalls Inc. sells memberships for a daily “live chat” service where purported stock-trading gurus recommend securities, California Attorney General Xavier Becerra said in a statement Thursday. The state sued the company earlier this month.“The COVID-19 lockdown has moved more people online and into day trading, opening the stock market to millions of new entrants,” Becerra said. “You wouldn’t take legal advice from a fake lawyer, or medical advice from a fake doctor. AwesomeCalls is improperly giving investment and stock trade advice while masquerading as a neutral educational forum.”A.J. Haworth, who runs AwesomeCalls, denied Becerra’s allegations, saying he makes it clear in disclosures on the website that he’s not a financial adviser and never trades for anyone but himself.“You can consider me a mentor, a coach, or whatever,” Haworth said in a phone interview. “All it is is my opinion. I understand stocks.”The company offers a one-day pass to its service for $25, or a monthly pass for $197. It claims on its website to have more than six professional moderators “focused on helping YOU achieve your trading goals daily!”Haworth said his website is a community of 700 traders who watch what he does. He also has almost 44,000 followers on Twitter.In the lawsuit, filed Feb. 4 in Los Angeles state court, the attorney general is seeking to stop AwesomeCalls from offering illegal investment advice and pay a penalty of at least $1 million for each violation of the corporations code that bars such conduct.Haworth said he’ll ask for the lawsuit to be moved to federal court.If the attorney general were successful, he’d be able to shut down all sorts of forums, including Discord and other chat rooms.“You couldn’t even tweet on Twitter,” Haworth said.The case is: The People of the State of California v. AwesomeCalls Inc., 21-st-cv-4430. Superior Court, State of California (Los Angeles).(Updates with owner’s comment)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bloomberg

    Twitter Floats Letting Users Charge for Exclusive Content

    (Bloomberg) -- Twitter Inc. gave the first outline of a potential subscription product that will let people charge followers for access to special content or experiences, part of a broader effort to diversify the social network’s revenue sources and give high-profile users a way to make money on the service.The company mentioned a new feature called Super Follows during an Analyst Day event on Thursday, which it described as an “account subscription” where users could charge others on the service for certain content. This could be a number of things, including exclusive tweets, special access to another user’s direct messages or audio conversations, or a paid newsletter, said Kayvon Beykpour, Twitter’s head of product. The company plans to release Super Follows “sometime this year.”The shares rose to an all-time high on the product announcement and an upbeat forecast for sales and user growth through 2023. San Francisco-based Twitter recently purchased newsletter startup Revue, and executives have said they are excited about letting newsletter writers build a paying audience on the service. The company is also considering “tipping,” or letting users donate money to people they enjoy following, and charging for Tweetdeck.“We also think that an audience-funded model, where subscribers can directly fund the content that they value most, is a durable incentive model that aligns the interest of creators and consumers,” said Dantley Davis, Twitter’s chief design officer. Presumably, Twitter would take a cut of the subscription fee.Bloomberg previously reported that Twitter was exploring user subscription features, and Chief Executive Officer Jack Dorsey discussed the idea of paying to “unlock” content or “tip” another user during a recent interview. Almost 90% of Twitter’s sales come from advertising, which can be seasonal and easily influenced by factors outside of the company’s control. For example, revenue fell 19% in the second quarter during the height of the pandemic shutdowns.Twitter stock finished the day about 4% higher at a record $74.59. The product updates were shared during the event for analysts, which spanned more than three hours and covered a number of different areas of Twitter’s business. Earlier Thursday, Twitter set a target to double annual revenue to $7.5 billion by 2023, and said it expects to increase its user base by an average of almost 20% each of the next three years.Despite its interest in subscriptions, Twitter says the bulk of its revenue growth will come from targeted advertising, and executives said Twitter has a lot of room to grow in the crowded digital advertising industry. Twitter makes 85% of its ad revenue from brand marketing, for example, meaning just a small portion of its revenue comes from the more specific and granular direct response ads that often lead to more direct sales.Those direct response ads have become more important given the push toward online shopping, and Twitter has been working to bolster offerings there to attract more small and medium-sized advertisers, which make up the bulk of Facebook Inc.’s ad base.Twitter executives also talked on Thursday about the need to move faster, pointing out that the company has historically moved too slowly when it comes to launching and testing new products. “We agree we’ve been slow,” Dorsey said to start the event. “If you compare us to our peers on the market, this is especially stark.”In addition to goals around revenue and user growth, Twitter also said it wants to “double development velocity” by 2023, which means “doubling the number of features shipped per employee.”(Updates with details about analyst day, shares, super follower details starting in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Twitter launches ‘Super Follows’ that will charge you to see people’s tweets
    The Independent

    Twitter launches ‘Super Follows’ that will charge you to see people’s tweets

    Twitter will charge for certain tweets as part of a new plan called “Super Follows”, it has said. The new feature will allow people to lock their posts behind a paywall, meaning that only paying followers – or “Super Followers” – will be able to see them. Twitter recently bought one of those services, called Revue.