Ignore the Hype: Twitter Inc. Stock Is Not a Buy
Anyone who read the statement Twitter's (NYSE: TWTR) part-time CEO Jack Dorsey put out after its third-quarter earnings release might logically assume the company's rough days are all in the past.
As Dorsey wrote, "This quarter we made progress in three key areas of our business: we grew our audience and engagement, made progress on a return to revenue growth, and achieved record profitability." Sounds good, right? Investors certainly thought so, boosting Twitter's share price nearly 20% the following day.
But some clarification is necessary to put Dorsey's words, and Twitter's Q3 results, into context. The notion that last quarter was some sort of home run speaks volumes about the meager expectations of both the company and Twitter bulls.
Source: Fool.com
