Poor Jack, blamed a bug in his software for ad revenue issues. Maybe Twitter got the FarQ you treatment!
https://www.breitbart.com/tech/2019/10/24/twitter-shares-plummet-after-earnings-miss-company-blames-ad-bugs/
Twitter’s stock plunged Thursday after the social media giant reported third-quarter earnings and revenue that missed expectations, with executives blaming advertising platform glitches that hurt its ability to target users.
Shares of Twitter plummeted more than 19 percent during trading Thursday. The company posted earnings per share of 17 cents, falling short of the 20 cents that was expected by Wall Street analysts. Revenue for the period was $823.7 million, versus the $874 million expected.
For the third quarter, “we discovered, and took steps to remediate bugs that primarily affected our legacy Mobile Application Promotion (MAP) product, impacting our ability to target ads and share data with measurement and ad partners,” Twitter said in its letter to shareholders.
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[–] Blacksmith21 0 points 3 points 3 points (+3|-0) ago
20% plummet. Also read something that @jack was tweeting weird shit last week and then disappeared. Related?
[–] sane 0 points 1 point 1 point (+1|-0) ago (edited ago)
-20.81% 6:30pm after hours trading...
That's almost 21% beat down!
That's good for a "dead cat bounce" of 3% one day gain, if it was not Friday tomorrow.
Instead of 3% reversal, it might take a beating more over the weekend!
If you DO want to chance a "dead cat bounce" to catch it, due to fill order whipsaw manipulation, do a "any price" MARKET ORDER, 6 to 8 minutes after the bell. NOT BEFORE the first 6 minutes! NOT. You need market order to force the trade to fill immediately and no inter-house pair up swindle, this way it has to hit the wire and they have to fill it, even as it spikes rapidly 3% and flattens before 10 am.
DEAD CAT BOUNCE : one of countless opinions :
https://www.investopedia.com/articles/00/101700.asp
[–] Blacksmith21 0 points 1 point 1 point (+1|-0) ago
Tomorrow will be very telling. It's up a teeny bit in after hours but that could be some bottom feeders thinking they will catch the bounce tomorrow. I think we've already seen the DCB. I got out of all social media stocks over 18 months ago. Stupid, I know, left a lot of money on the table. Used Q to make some decisions.