Today’s Research Reports on Stocks to Watch: Snap and Twitter
Snapchat users hate the company’s redesign of the app and are making it known on Twitter. LikeFolio has revealed that almost 80% of the conversations about Snapchat are now negative. Shares of Twitter soared on Tuesday as more traders digested the possibility of a Twitter takeover while CEO Jack Dorsey spoke out on the company’s independence.RDI Initiates Coverage on:
https://rdinvesting.com/news/?ticker=TWTR Snap’s shares closed down 0.27% on about 28.8 million shares traded on Tuesday. Apparently many Snapchat users hate the redesign that the company started rolling out earlier this month. According to data released by LikeFolio, there has been an increase in negative sentiment towards the Snapchat app since the all-new user interface launched. LikeFolio has been analyzing tweets about Snapchat since the start of the year. The new interface has even been disliked by model Chrissy Teigen who tweeted that she didn’t like the redesign. Over 800,000 people have even signed a petition on Change.org asking Snap to revert the app back to the original interface. LikeFolio reported that as of yesterday, almost 80% of the conversations about Snapchat were negative. “Snapchat users absolutely hate the new interface,” LikeFolio’s report said. “Instagram looks to be a beneficiary of this, as frustrated Snapchat users begin relying on the Instagram Stories feature instead of Snapchat.” Access RDI’s Snap Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SNAP Twitter’s shares closed up 8.05% on nearly 58 million shares traded yesterday. Trading volume was significant for the social media stock after the company’s CEO Jack Dorsey had some encouraging things to say on Tuesday. Dorsey was speaking in San Francisco at the Goldman Sachs Technology and Internet Conference and remarked, "There’s a lot of strength to our independence because we can work on every device, work through every medium. We’re not constrained by the particular whims of one platform versus another." It was also the fact that a BTIG analyst, Richard Greenfield, has predicted that the company will be acquired this year. According to Greenfield, Twitter is "too valuable to remain independent." Access RDI’s Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR Our Actionable Research on Snap Inc. (NYSE: SNAP) and Twitter, Inc. (NYSE: TWTR) can be downloaded free of charge at Research Driven Investing. Research Driven Investing We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection. RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document. Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer. CONTACT For any questions, inquiries, or comments reach out to us directly at: Address: Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011 Email: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.