From an investor standpoint I don't get why the stock is up 30%. I could understand if the stock was going to up 1-8%, but 30+%? Is it all the shorts covering? Is it the fact they brought in a wall street insider as CFO (Anthony Noto).
Wall Street was expecting a loss of 1 cent per share, but they surprised on earnings of 2 cents a share. Not a huge surprise.
Other things that irk me about the stock.
Management, I don't feel a warm and fuzzy having a non founder has a CEO. Nothing that Dick Costello has done to show me he has any long term vision.
They fired almost everyone is senior management. Which shows signs of instability.
*I haven't seen any product innovations come out of twitter from a end user standpoint organically.
Wall Street was expecting a loss of 1 cent per share, but they surprised on earnings of 2 cents a share. Not a huge surprise.
Other things that irk me about the stock.
Management, I don't feel a warm and fuzzy having a non founder has a CEO. Nothing that Dick Costello has done to show me he has any long term vision. They fired almost everyone is senior management. Which shows signs of instability. *I haven't seen any product innovations come out of twitter from a end user standpoint organically.