Twitter (TWTR) 'Takeover Money' Moves On as 'Trump Money' Moves In
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As the takeover premium continues to come out of Twitter (NYSE: TWTR), as a deal is pretty much DOA, new speculative money appears to be replacing it. This is the "Trump Effect" money.
President-elect Trump was an avid Twitter user before, during and now after the election. In fact, today Trump took to the social media service to answer criticism that he tweets too much.
"If the press would cover me accurately & honorably, I would have far less reason to "tweet." he said. "Sadly, I don't know if that will ever happen!"
While it's hard to gauge how much takeover speculation money was in Twitter's stock, it appears most of that selling is now done and new Trump-effect money is moving in.
Also, as noted prior, activist fund JANA Partner has quietly started building a stake in Twitter, although they have not revealed any activist intentions... at least not yet.
While Twitter is still having a hard time monetizing its service, with the world's #1 must-follow social media account across all platforms, the service is clearly not going anywhere and new investors will likely give the company some leniency to figure it out.
Shares of Twitter are 2% today to $18.30.
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