Re:Trump threatens to 'close' down social media platforms
by timsneath on Wednesday May 27, 2020 @04:50PM
(#23329785)
To add to that, Twitter shares dropped significantly on opening and ended the day down -2.75%. By contrast, the S&P rose 1.5% today. In the absence of other confounding variables, this would suggest investors see a material effect of his words.
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Re:Trump threatens to 'close' down social media platforms
by simonsarris on Wednesday May 27, 2020 @06:05PM
(#23330656)
That's silly, compare TWTR to other small cap tech and its pretty much in-line for the day (eg, PINS, CHWY, SHOP). It's also fairly in line for QQQ. There's no evidence that trump's tweet changed anything about Twitter's price movement today.
Re:Trump threatens to 'close' down social media platforms
by nwienert on Wednesday May 27, 2020 @05:15PM
(#23330087)
I dropped Twitter stock not because I think they will be regulated (they may) but because I think this was just a stupid move, and shows they aren’t making good business decisions.
Re:Trump threatens to 'close' down social media platforms
by paulgb on Wednesday May 27, 2020 @06:01PM
(#23330608)
> shows they aren’t making good business decisions.
I mean, I could have told you that when the already part-time CEO announced he'd move to Africa for a year :)
Re:Trump threatens to 'close' down social media platforms
by echelon on Wednesday May 27, 2020 @07:05PM
(#23331250)
Africa is going to be the next {China, India, Vietnam, ...} in terms of manufacturing, industrial growth, smart phone and payments penetration, etc.
Dorsey is being incredibly smart by trying to figure out how to break into the African market. He probably wants to do payments there. Get in early, win the market. It's genius.
Just look at what's happening with Belt and Road.
Africa is going to be huge.
If I had his money and influence, I would be doing the same.