Twitter co-founder and interim CEO Jack Dorsey will soon be in the rare position of heading two public companies, as payment processing startup Square, for which Dorsey is also CEO, plans to file for an IPO within the next two weeks, Fortune reported. Twitter's board of directors has said it will not hire Dorsey as full-time CEO unless he can fully commit to the company.
Based in San Francisco, Twitter is a global platform for public self-expression and conversation in real time that offers products and services for users, advertisers, developers and platform and data partners.
It's hard to find a more hated stock than Twitter. Since getting bludgeoned in the spring, this stock has been spurned. Always the subject of rumors, Twitter is one of the most intriguing social media stocks of our time, but the stock action is atrocious. Remember, a great company does not always equate to a great stock.
The sellers have been in control for months, and last Friday indicated that this isn't changing anytime soon. The Moving Average Convergence Divergence is rolling over to another sell signal. The Relative Strength Index was turned down viciously from the 50 area, and the momentum indicators were rejected soundly. There's no reason to be long this stock until it proves itself, which may be a long while.
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Separately, TheStreet Ratings team rates TWITTER INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
We rate TWITTER INC (TWTR) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: TWTR