TWTR-Twitter Cracks Down on Fake Accounts-Drops 5%

TWTR Twitter

TWTR Twitter

Twitter Drops 5%: Buy This Selloff, Says JPMorgan

Twitter (TWTR) shares have been under pressure following a Washington Post story that said the company was culling invalid accounts, which presumably could put pressure on its June-quarter reported user count.

But Twitter’s executives stepped up in the defense of the company this afternoon.

Twitter shares were down as much as 10%, but have regained some ground, down now just $2.57, or 5.5%, to $44.08.

However, the company’s Chief Financial Officer Ned Segal this afternoon set the record straight, stating that “most accounts” that Twitter removes from the service don’t actually get included in its reported “Monthly Active Users” number.

Some clarifications: most accounts we remove are not included in our reported metrics as they have not been active on the platform for 30 days or more, or we catch them at sign up and they are never counted.

barrons.com/articles/twitter

Twitter says removal of fake accounts does not hurt user metrics

(Reuters) – Twitter Inc (TWTR.N) said on Monday it has removed fake accounts but that does not impact its reported user metrics as was indicated in a report by The Washington Post.

The newspaper had said the social media company had suspended more than 70 million fake accounts in May and June, leading to a decline of monthly active users in the second quarter.

“Most accounts we remove are not included in our reported metrics as they have not been active on the platform for 30 days or more, or we catch them at sign up and they are never counted,” CFO Ned Segal tweeted on Monday.

reuters.com/twitter-removal-of-fake-accounts

TWTR-Twitter Cracks Down on Fake Accounts-Drops 5%

TWTR-Twitter Cracks Down on Fake Accounts-Drops 5%

Today's Trade of the Day | 7-10-18

WYNN Wynn Resorts 7-10-18

WYNN Wynn Resorts 7-10-18

Perfect storm today for a new swing trade short sale in WYNN. With the stock market rising into resistance on light volume and WYNN-Wynn Resorts trading into a trend line and a gap fill -- a perfect scenario arises.

Now here is where all rookie traders get lost. Perfect setups are setups, probabilities. Some probabilities are higher than others, and this trade is a good one, but...that doesn't guarantee anything -- BUT we must trade it with confidence, conviction, and aggressively -- because it matches our criteria. These trades get me "what happened..." type emails when they don't follow through. If this goes through your mind when good trades don't produce, it's time you learn that trading is about odds over time, NOT each trade.

Looking for a short sale below yesterday's low with a profit target of $152. Stop loss on a close above today's high after entry.


Stocks to Trade | Tuesday Edition 7-10-18

MOMENTUM

Bullish Momentum: HUYA, HEAR, CRC, PVTL, APA

Bearish Momentum:

Double Normal Volume: TWTR

Inside Days: csco, teva, kr, dks, fl, evhc, anf

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 7-10-18

SPY ETF Chart 7-10-18

HEADLINE NEWS

Mark Zuckerberg is now the third-richest person alive
https://money.cnn.com/2018/07/06/technology/business/mark-zuckerberg-warren-buffett/index.html

Amazon Stock Gets Price-Target Increase On Broad-Based Strengths
https://www.investors.com/news/technology/amazon-stock-price-target/

PepsiCo second-quarter revenue rises 2.4 percent
https://www.reuters.com/article/us-pepsico-results/pepsico-second-quarter-revenue-rises-2-4-percent-idUSKBN1K016R

Microsoft’s $399 Surface Go hits most of the right notes to compete with the iPad and Chromebooks
https://www.cnbc.com/2018/07/09/microsoft-surface-go-first-look-399-competes-with-ipad-chromebooks.html

These five ‘mega trends’ are producing soaring stocks regardless of Trump
https://www.marketwatch.com/story/these-five-mega-trends-are-producing-soaring-stocks-regardless-of-trump-tariffs-or-the-economy-2018-07-10

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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