There once was a time when Twitter Inc (NYSE:TWTR) was the darling of Social Media; continuous growth, user satisfaction and a platform full of potential. Now, Twitter has become THE example of how NOT to run a social media platform. Here are three reasons to sell your twitter stock now.
The Directors are Bailing on Twitter Inc (NYSE:TWTR) and So Should You
Just a few days ago, Twitter Inc (NYSE:TWTR) Director Evan Clark Williams sold 682,242 shares of the Twitter stock. This wasn’t his first sale either. According to the publicly listed stats, Evan Clark Williams also made the following trades:
On Tuesday, September 25th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $28.84, for a total transaction of $19,675,859.28.
On Thursday, September 13th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $30.01, for a total transaction of $20,474,082.42.
On Thursday, August 30th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $35.45, for a total transaction of $24,185,478.90.
On Thursday, August 16th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $32.59, for a total transaction of $22,234,266.78.
On Tuesday, July 24th, Evan Clark Williams sold 682,242 shares of Twitter stock. The stock was sold at an average price of $42.75, for a total transaction of $29,165,845.50.
Unless there is a personal need for money, the level of selling from someone ‘in the know’ should ring alarm bells
The Markets Don’t Rate Twitter Inc (NYSE:TWTR)
So, on top of Twitter employees, those high up enough to know what is happening from the inside, the markets also don’t rate Twitter Inc (NYSE:TWTR). Zacks Investment Research cut shares of Twitter from a “strong-buy” rating to a “hold” rating in a research report released a the end of June. The Bank of America set a $27.00 price objective on shares of Twitter and gave the stock a “sell” rating in a research report released mid July. In total, Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating,
The Platform is Killing Itself
Probably the biggest reason to dump Twitter Stock now is the platform itself. There has been much talk of how Jack Dorsey, the CEO since 2015 and the Twitter team have been policing opinions. The recent suspension of conservative actor James Woods for the most pathetic of reasons (later reinstated when Twitter realized what a foolish mistake they made) There are no shortage of stories of innocent people getting banned or suspended for daring to have an opinion different to that of Silicon Valley. This author got banned for daring to challenge racism. Automatic ban whilst the racists are free to peddle their hate. In fact, Jack Dorsey has allowed the social media platform to become a cess-pit of hate and illiberal thinking.
Never mind the fact that the platform is difficult for advertisers when compared to say Instagram, we are now in a situation where brands do not want to be involved in the toxicity of Twitter. Jack has created a monster, now that monster has turned on its scientist.
In short, Get out of twitter stock like people are getting out of the platform. According to Statista, In the last reported quarter, the number of monthly active U.S. Twitter users amounted to 68 million, a slight decrease from 69 million in the previous period. People are tired of the authoritarian BS, tired of the illiberal ruling and tired of a platform that rewards abuse. SELL TWITTER STOCK NOW
Ben Myers
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