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Should You Buy the Dip in Twitter? -Breaking

by Mike Robinson

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© Reuters. Do You Want to Buy The Dip on Twitter?

Twitter’s (TWTR) shares have plunged in price over the past few months despite the company’s introduction of new features, such as its Super Follows. So, can the company overcome the impact of Apple’s (AAPL) privacy changes and by doing so foster a rebound in its stock price? Let’s find out.Social networking service provider Twitter, Inc.’s (NYSE:) platform has been buzzing with ‘tweets’ thanks to global conversations around current events such as COP26 and Squid Game. Its shares have gained 33.2% in price over the past year to close yesterday’s trading session at $55.11. But, it has lost 11.1% and almost 21% respectively over the past 30 days.

Even though it is still unclear to what extent Apple Inc.’s (NASDAQ:) privacy changes have impacted TWTR’s business, the company’s third-quarter earnings disappointed investors. Moreover, hedge funds’ interest in the stock has declined lately.

Last month, the company’s Customers Lead, Sarah Personette, sold 15,485 shares. TWTR has also committed to selling MoPub to AppLovin (APP) in October 2021. This is a mobile-focused advertising platform. So, the stock’s near-term prospects look uncertain.

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