Twitter Inc (NYSE:TWTR) shares boomed higher earlier this year, eventually reaching over $46 per share. However, since then, we have seen an extremely steep pullback that has taken the stock well below its 200-day simple moving average in a grinding decline that threatens to remove all of the gains that shareholders saw earlier this year in what had been deemed such a remarkable run.
For some observers, this may seem like sweet justice given the company’s operations, which focus on distilling social and cultural communication down to tiny bites of information that encourage a complete lack of investment and meaning in our collective intellectual processes. It may be that the market is finally waking up to the destructive impact that the company’s business carries for complex social life.
Twitter Inc (NYSE:TWTR) trumpets itself as a company that operates as a platform for public self-expression and conversation in real time.
Earning a current market cap value of $21.43B, TWTR has a significant war chest ($5663.4M) of cash on the books, which must be weighed relative to about $594.4M in total current liabilities. One should also note that debt has been growing over recent quarters. TWTR is pulling in trailing 12-month revenues of $2696.6M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 23.8%.
The company offers various products and services, including Twitter that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. 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 a set of tools, public APIs, and embeddable widgets for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. The company has operations in the United States and internationally.
Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California. You can bet we will update this one again as new information comes into view.