Twitter, Inc. operates as a platform for public self-expression and conversation in real time United States, Japan, and internationally. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers MoPub, a mobile-focused advertising exchange that combines ad serving, ad network mediation, and a real-time bidding exchange into one monetization platform; Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Developer and Enterprise solutions, a software-as-a-service platform that enables developers to build products on Twitter; and paid enterprise access for its public data streams. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.
IPO Year: 2013
Exchange: NYSE
Website: twitter.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/24/2022 | $52.00 → $37.00 | Buy → Neutral | Rosenblatt |
| 8/5/2022 | $50.00 → $45.00 | Positive → Neutral | Susquehanna |
| 7/14/2022 | $33.00 → $52.00 | Neutral → Buy | Rosenblatt |
| 7/11/2022 | $54.20 → $30.00 | Hold | Stifel |
| 7/11/2022 | $54.00 → $35.00 | Neutral | Mizuho |
| 7/11/2022 | $54.20 → $33.00 | Neutral | Rosenblatt |
| 6/29/2022 | $54.00 | Neutral | Wedbush |
| 5/5/2022 | Buy → Hold | Argus | |
| 4/26/2022 | $39.00 → $54.20 | Sell → Hold | Stifel |
| 4/25/2022 | Buy → Hold | Loop Capital |
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SAN FRANCISCO, July 22, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced financial results for its second quarter 2022. Second Quarter 2022 Operational and Financial Highlights Except as otherwise stated, all financial results discussed below are presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. As supplemental information, we have provided certain additional non-GAAP financial measures in this press release's supplemental tables, and such supplemental tables include a reconciliation of these non-GAAP measures to our GAAP results. The sum of individual metrics may not always equal total amounts indicated due to round
SAN FRANCISCO, April 28, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced financial results for its first quarter 2022. First Quarter 2022 Operational and Financial Highlights Except as otherwise stated, all financial results discussed below are presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. As supplemental information, we have provided certain non-GAAP financial measures in this press release's supplemental tables, and such supplemental tables include a reconciliation of these non-GAAP measures to our GAAP results. The sum of individual metrics may not always equal total amounts indicated due to rounding. Q1 reve
SAN FRANCISCO, April 25, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximat
SAN FRANCISCO, April 15, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan (the "Rights Plan"). The Board adopted the Rights Plan following an unsolicited, non-binding proposal to acquire Twitter. The Rights Plan is intended to enable all shareholders to realize the full value of their investment in Twitter. The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take ac
Unified AppLovin MAX and MoPub platform creates one of the most powerful and efficient monetization solutions available on the market $15 billion of annualized advertiser spend expected on AppLovin platform by 2023 AppLovin Corporation (NASDAQ:APP), a leading marketing software company, today announced it has completed the acquisition of Twitter, Inc.'s (NYSE:TWTR) MoPub business for $1.05 billion in cash. Combined with MoPub's core features, MAX further accelerates growth and improves efficiencies for app publishers while providing advertisers with expanded reach and market-efficient pricing. The unified platform is expected to process more than $15 billion of annualized advertiser s
SAN FRANCISCO, July 22, 2021 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced financial results for its second quarter 2021. "As we enter the second half of 2021, we are shipping more, learning faster, and hiring remarkable talent," said Jack Dorsey, Twitter's CEO. "For example, our increased shipping cadence contributed to reaching 206 million average monetizable DAU (mDAU) in Q2, up 11% year over year and 3% quarter over quarter. There's a tremendous opportunity to get the whole world to use Twitter." "We delivered better-than-expected performance across all major products and geographies while growing our audience," said Ned Segal, Twitter's CFO. "We continued to make significant
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NEW YORK, Oct. 27, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: Arch Capital Group Ltd (NASD:ACGL) will replace Twitter Inc. (NYSE:TWTR) in the S&P 500 effective prior to the opening of trading on Tuesday, November 1. Elon Musk is acquiring Twitter in a transaction expected to close on October 28.RXO Inc. (NYSE:RXO) will be added to the S&P MidCap 400 prior to the opening of trading on Tuesday, November 1, replacing Bread Financial Holdings Inc. (NYSE:BFH) which will move to the S&P SmallCap 600
Attorneys Phil Brewster, Patrick Mincey and Stephen Bell were recently discussed in an in-depth Washington Post article regarding their representation of a whistleblower who exposed alleged securities violations involving Trump Media & Technology Group Corporation ("Trump Media"). Former President Donald J. Trump is the majority owner of Trump Media, the parent company that operates the conservative social media platform Truth Social. As discussed in the article, the whistleblower was one of the original founders of Truth Social, which was established shortly after former President Trump's permanent suspension from Twitter (NYSE:TWTR) because of the events of Jan. 6, 2021. The Washington P
Attorneys Phil Brewster, Patrick Mincey and Stephen Bell were recently discussed in a Miami Herald article regarding their representation of a whistleblower who exposed alleged securities violations involving Trump Media & Technology Group Corporation ("Trump Media"). Former President Donald J. Trump is the majority owner of Trump Media, which is the parent company that operates the conservative social media platform Truth Social. As discussed in the Miami Herald article, the whistleblower was one of the original founders of Truth Social, which was founded shortly after former President Trump's permanent suspension from Twitter (NYSE:TWTR) because of the events of January 6, 2021. The Miam
SAN FRANCISCO, Sept. 13, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced that its stockholders have approved the previously announced merger agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash. Based on a preliminary tabulation of the stockholder vote, approximately 98.6% of the votes cast at the Special Meeting approved the proposal to adopt the Merger Agreement. The shareholder approval satisfies the final condition precedent to the closing of the merger under the merger agreement (other than those conditions that by their nature are to be satisfied at closing). Twitter stands ready and willing to complete the merger with affiliates o
Talkwalker, in partnership with Twitter, analyzed over 16.2 million cost-of-living conversations to reveal the impact of rapidly rising costs on global consumers People on Twitter aged 25-34, saw the sharpest increase in cost of living conversations, highlighting their increased concerns about the crisis.Consumers are most anxious about the rising cost of gas and heating.Many believe long-term saving solutions are prohibited by high initial outlays.NEW YORK, July 26, 2022 /PRNewswire/ -- Talkwalker, a leading consumer intelligence platform, in partnership with Twitter, announced the launch of its Exploring the Cost of Living Conversation 2022 report. As a Twitter Official Partner, Talkwalker
SAN FRANCISCO, July 22, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced financial results for its second quarter 2022. Second Quarter 2022 Operational and Financial Highlights Except as otherwise stated, all financial results discussed below are presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. As supplemental information, we have provided certain additional non-GAAP financial measures in this press release's supplemental tables, and such supplemental tables include a reconciliation of these non-GAAP measures to our GAAP results. The sum of individual metrics may not always equal total amounts indicated due to round
SAN FRANCISCO, July 8, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today received a notice of purported termination from Elon Musk and the Twitter Board issued the following statement in response: We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plan to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery. About Twitter, Inc. (NYSE:TWTR)Twitter is what's happening and what people are talking about right now. To learn more, visit about.twitter.com and follow @Twitter. Let's talk. Additional Information and Where to Find ItOn May 17, 2022, Twitter filed a preliminary proxy stat
SAN FRANCISCO, June 3, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), with respect to the previously announced agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash. The expiration of the HSR waiting period occurred at 11:59 p.m. EDT on June 2, 2022, which was a condition to the closing of the pending transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Twitter stockholders and the receipt of remaining applicable regulator
SAN FRANCISCO, May 17, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with the previously announced agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash. Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable. The preliminary proxy statement contains important information including the background of, and reasons for, Twitter's transaction with Mr. Musk. The transaction is subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the
SAN FRANCISCO, April 28, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced financial results for its first quarter 2022. First Quarter 2022 Operational and Financial Highlights Except as otherwise stated, all financial results discussed below are presented in accordance with generally accepted accounting principles in the United States of America, or GAAP. As supplemental information, we have provided certain non-GAAP financial measures in this press release's supplemental tables, and such supplemental tables include a reconciliation of these non-GAAP measures to our GAAP results. The sum of individual metrics may not always equal total amounts indicated due to rounding. Q1 reve
SAN FRANCISCO, Nov. 29, 2021 /PRNewswire/ -- Twitter, Inc. (NYSE:TWTR) today announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the Board, effective immediately. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman of the Board, succeeding Patrick Pichette who will remain on the Board and continue to serve as chair of the Audit Committee. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017. "I've decided to leave Twitter because I
SAN FRANCISCO, June 9, 2021 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced the appointment of Mimi Alemayehou to the Company's Board of Directors as a new independent director, effective immediately. "Mimi's extensive experience overseeing growth in emerging markets in both the public and private sectors will be invaluable as we advance Twitter's mission to serve the public conversation across the world," said Patrick Pichette, independent chair of the Twitter Board. "Mimi shares our commitment to social responsibility and strengthening global communities, and we're eager to benefit from her perspective and regional expertise as we expand Twitter's presence to Ghana and invest i
LOS ANGELES, May 27, 2021 (GLOBE NEWSWIRE) -- Versus Systems Inc. ("Versus" or the "Company") (NASDAQ:VS) (FRANKFURT: BMVB) today announced the appointment of Ms. Jennifer Prince to its Board of Directors. As the Global VP and Head of Content Partnerships for Twitter (NYSE:TWTR), Jennifer is responsible for Twitter's global content arm, working with the world's most renowned and conversation-driving publishers and creators on their creative, distribution and monetization. She leads Twitter's worldwide efforts engaging with media entities and individual creators across TV, film, music, sports, news, lifestyle, and gaming. The addition of Prince to the Board of Directors comes as Versus is
Rosenblatt downgraded Twitter from Buy to Neutral and set a new price target of $37.00 from $52.00 previously
Susquehanna downgraded Twitter from Positive to Neutral and set a new price target of $45.00 from $50.00 previously
Rosenblatt upgraded Twitter from Neutral to Buy and set a new price target of $52.00 from $33.00 previously
Stifel reiterated coverage of Twitter with a rating of Hold and set a new price target of $30.00 from $54.20 previously
Mizuho reiterated coverage of Twitter with a rating of Neutral and set a new price target of $35.00 from $54.00 previously
Rosenblatt reiterated coverage of Twitter with a rating of Neutral and set a new price target of $33.00 from $54.20 previously
Wedbush resumed coverage of Twitter with a rating of Neutral and set a new price target of $54.00
Argus downgraded Twitter from Buy to Hold
Stifel upgraded Twitter from Sell to Hold and set a new price target of $54.20 from $39.00 previously
Loop Capital downgraded Twitter from Buy to Hold
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New York authorities would be given expanded power to shut down illegal pot shops and levy fines of up to $200,000 under legislation proposed Wednesday by Gov. Kathy Hochul, who is making yet another attempt to protect the stalled legal weed market. The attempt is part of the push to get the state’s potentially billion-dollar adult legal market moving. So far only three legal shops have opened in New York City and two upstate NY. “The continued existence of illegal dispensaries is unacceptable, and we need additional enforcement tools to protect New Yorkers from dangerous products and support our equity initiatives," Hochul said in a statement. Hochul created a $200 million public-private
Xavier Becerra, Biden's secretary of Health and Human Services (HHS) signaled this week that marijuana's federal scheduling status is not likely to be reviewed prior to 4/20, the unofficial cannabis holiday, reported Marijuana Moment. In a recent interview with KDKA-TV Becerra said "we're going to try to move quickly," even though he did not explicitly answer whether the HHS would take any action on the issue by April 20. "It's got to go through a number of hoops and, again, safety and efficacy are what will drive this determination, so stay tuned," the secretary said. Becerra has said in the past that the department would review the status of cannabis as a Schedule I drug as well as unde
Twitter Inc's (NYSE:TWTR) decision to accept cannabis ads represents a massive change that put the social media app on the frontiers of cannabis advertising, which will no doubt be huge. Other advertising giants like Meta Platforms Inc (NASDAQ:META) would be wise to follow suit. However, due to the federal prohibition against cannabis and strict state regulations, Mark Zuckerberg's social media platforms refuse to treat cannabis like any other consumer product category. Meta is clear: it doesn't allow ads that promote or offer the sale of THC (Tetrahydrocannabinol) products or cannabis products that contain related psychoactive components and CBD (Cannabidiol) products or similar cannabino
Elon Musk made headlines last month by allowing ads for CBD and THC products on Twitter Inc (NYSE:TWTR), the social networking giant he recently acquired. Now, two Twitter execs, Alexa Alianiello (Twitter US Sales & Partnerships) and Rohan Routroy (Twitter NEXT) will share more insights on how to plug into the platform and connect with a leaned-in customer in their featured keynote session at Benzinga This is the first time Twitter will be meeting with cannabis industry executives to discuss the role the social networking giant will play in our industry, being the first platform in the social landscape to open the door to cannabis advertising. Cannabis Capital Conference which is returni
One of the most influential CEOs in the world whose statements alone managed to move the needle and create a change has once again expressed his unambiguous support for cannabis. This time, with just three numbers Elon Musk promoted marijuana for free, reported TheStreet. His "420" tweet on Saturday resonated with Twitter users worldwide, as over 65 million users have already viewed it. April 20, known as "420," is the unofficial holiday celebrated by marijuana users. 420 — Elon Musk (@elonmusk) February 4, 2023 Musk's Outspoken Support For Cannabis Even though he is not a regular consumer and has said it is not good for productivity, at least not for him, Musk has been asking the rig
Alphabet Inc.’s (NASDAQ:GOOG) Google opted to kick off 2023 by lifting bans on cannabis advertising in certain parts of the U.S. “On January 20, 2023, the Dangerous Products and Services and Healthcare and Medicines Google Ads policies will be updated to allow for the promotion of FDA-approved pharmaceuticals containing cannabidiol (CBD) and topical, hemp-derived CBD products with THC content of 0.3% or less in California, Colorado, and Puerto Rico,” the company announced last week. Google intends to update its advertising policies as part of a deal with an internet and payments compliance company, LegitScript. However, “certain formats, including YouTube Masthead, will not be eligible fo
By Marian Venini Via El Planteo Without a doubt, the world of social networks is increasingly revolutionized. While some increase their restrictions (Instagram, we are looking at you), others abandon them almost completely, as is the controversial case of Twitter (NYSE:TWTR). However, there is a social network that seems to have found the sweet middle ground. The microblogging platform Tumblr (whose popularity peaked between the late '00s and early ‘10s), known for its lax regulations regarding cannabis, announced that it will allow nudity again. As Dazed reported, the platform officially changed its regulations on October 31. The next day, a statement from the company announced: "We now
Wishing you all a great first of the month for December 2022. Looking at how November ended, we could be in for an interesting end to the year. The indices pushed up further at the end of trading on Wednesday, bringing November to a strong end. The Nasdaq had the strongest day out of the three major indices pushing up over 4.5%. What does this mean for the tech sector? As a trend follower, this means very little to me. I prefer to wait for the S&P 500 to confirm a bull market and then look for the strongest stocks in the strongest stocks. Regular readers of my blog will know that I particularly like to look for stocks that meet the following criteria: A solid history of performanc
Carl Icahn became known as the “corporate raider” in the 1980s, after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is the founder and controlling shareholder of Icahn Enterprises (NASDAQ:IEP), which is run by the investment subsidiary Icahn Capital LP. Icahn Capital was building a stake in Twitter (NASDAQ:TWTR) before Elon Musk offered to buy it in April, Icahn told CNBC, "The stock went down a little bit, so I was starting to buy stock, then I felt I would try to get on the board of it." Icahn also said that Musk was the perfect guy to purchase the social media platform and that if he was asked, he might have joined Musk by investing $1 billion. I
Big tech is out of favor amid current market conditions, but one analyst said it's only a matter of time before investors regained an appetite for growth. What Happened: Loup Funds' Gene Munster anticipated weakness in tech stocks in the short term, but he thinks money will flow back into the group as investors ultimately salivate at the growth opportunities in big tech following multiple compression. "Investors are human and humans like things that are growing," Munster said Tuesday on Benzinga's "PreMarket Prep." The Loup analyst expected a rotation back into mega-cap tech in 2023, but he noted that he doesn't foresee all of the names benefiting equally. "There are a couple companies