TWITTER CLIMBS TO NEW HIGH AS ADVERTISING MARKET MAKES RECOVERY

Twitter incorporation shares made a record within a day on Tuesday, taking out an all-time high that has stood for its entire life as a public company.

Just like snap inc and Pinterest incorporation Twitter has benefitted from a recovery in digital advertising. The advance is the latest achievement for the company, which has advanced 37% this year. Brushing off a brief decline after the permanent ban of Donald Trump after the riot at U.S. capitol.

The social-media platform rose as much as 4.1% to $74.84 as of 10:52 a.m. in New York. Twitter reached its previous intraday peak of $74.73 in December 2013.

Its shares have climbed up for 11 days straight and it is the longest winning streak since August. On Feb. 10, it reported fourth-quarter revenue that beat analysts’ projections, though it warned that user growth may slow in 2021, following last year’s pandemic-driven surge.

Mandeep Singh an analyst at Bloomberg says “Twitter’s 2021 outlook is supported, in our view, by growing user engagement and prospects for increased digital ad spending,”

In spite of recent gains, wall street remains mixed on twitter’s long term prospects. Compared with 24 only 12 firms recommended buying the stock and others have an either neutral or bearish view on this. As it is predicted that the growth of this platform may slow down in 2021. So, most of the firms are afraid when it comes to buying the stock.

The average price target of nearly $62 is about 17% below the current price.

Comments

Past makes present: Elon Musk 's anti union tweet

Who would have thought that a tweet made in 2018 will cause hassle in someone’s life in 2021. We are talking about none other than Mr. Elon Musk, CEO of Tesla, Inc. He needs no introduction but more than him, his tweets are famous. Elon Musk has been seen tweeting sharp and blunt statements very often but this time he faced serious repercussions as well. Swami Vivekananda rightly said that the present is determined by past actions. It all started in 2018 when Elon musk is his tweet, wrote: “Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare.” This tweet came in the limelight in 2021 when National Labor Relations Board found it oppressive and threatening. As per NLRB the tweet by Mr. Elon Musk was unlawfully threatening the employees with the loss of stock options if they decided ...

Russia’s Melting Snow May Cost the World Economy 2 Billion Dollars

The impact of climate change on a vast permafrost area of Russia has become a principal apprehension for the country. This is primarily due to thawing of once permanently frozen ground which covers more than half of Russia. The liquefication of snow is putting buildings, pipelines and other infrastructure in peril. This problem needs to be addressed imperatively because the scale of damage will escalate every year. Rising temperatures are the epicentre of anxiety for mining, oil and gas companies. The permafrost area accounts for 15% of Russia’s oil and 80% of its gas operations. It is also home to miners including MMC Norilsk Nickel PJSC, the biggest refined nickel and palladium producer. Multiple new craters have been found in the gas-rich Yamal region, which is a risk to pipelines. By 2050, global warming may jeopardise about a fifth of structures and infrastructure across the permafrost area, costing about $84 billion. Residential real estate, worth $53 billion, might be als...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

Entrepreneur Digest

Search This Blog