Twitter’s stock rallies; analyst says clearing out fake accounts is a ‘good thing’

Twitter’s stock rallies; analyst says clearing out fake accounts is a ‘good thing’

Shares of Twitter Inc. TWTR, +3.17% rallied 2% in premarket trade Thursday, bouncing from a 6% slide suffered over the previous three sessions amid concerns over how the clearing out of millions of fake accounts would affect user numbers. Analyst Rob Sanderson at MKM Partners reiterated his buy rating on the social media company, saying, "Getting rid of bad actors and rampant bot use on the network is a good thing." And the fact that the crack down on fake accounts suggests Twitter is getting better at artificial intelligence, which Sanderson stressed "is important" for the stock's long-term outlook. "Deep learning expertise has become a primary engineering focus for [Twitter] especially over the past 2 years," Sanderson wrote. "This is helping police the network, but could also have game-changing potential in solving user experience challenges." The stock has run up 51% over the past three months, while the S&P 500 SPX, +0.87% has tacked on 4.1%.

Twitter’s efforts to suspend fake accounts have doubled since last year
Twitter’s efforts to suspend fake accounts have doubled since last year
As Twitter purges fake accounts, Trump asks whether NY Times, Washington Post made list

Shares of Twitter Inc. TWTR, +3.17% rallied 2% in premarket trade Thursday, bouncing from a 6% slide suffered over the previous three sessions amid concerns over how the clearing out of millions of fake accounts would affect user numbers. Analyst Rob Sanderson at MKM Partners reiterated his buy rating on the social media company, saying, “Getting rid of bad actors and rampant…

Pin It on Pinterest

Shares
Share This