Put Buying Activity Continues in Twitter (TWTR) Targeting 23% Downside in Shares by Mid-June -Susquehanna

Twitter, Inc. (TWTR) PT Maintained at $36 at JPMorgan; 'Data Licensing Business Concerns Overdone'

March 28, 2018 6:14 AM EDT

JPMorgan maintained its price target on Twitter, Inc. (NYSE: TWTR) at $36.00 while maintaining a Overweight rating, following an update to the company's outlook regard the data licensing business.

Analyst Doug Anmuth affirms his outlook on the shares, suggesting recent concerns are overdone, as... More

Put Buying Activity Continues in Twitter (TWTR) on Negative Call from Short Seller, Citron Research -Susquehanna

March 27, 2018 2:34 PM EDT

Susquehanna options strategist Alison Edwards notes put buying activity in Twitter (NYSE: TWTR) following a negative call on the shares from Citron Research, as investors appeared to be predominantly buying most of the ~16k MarQ 31, 30.5, 30, and 29 strike puts.

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Facebook CEO among those invited to testify at U.S. Senate hearing

March 26, 2018 1:18 PM EDT

By David Shepardson

WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee said on Monday it had invited the chief executive officers of Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL) and Twitter Inc (NYSE: TWTR) to testify at an April 10 hearing on data privacy.

The hearing follows allegations that Cambridge Analytica, a British political consultancy, gained inappropriate access to data on 50 million Facebook users, prompting the Federal Trade... More

Twitter to ban cryptocurrency ads from Tuesday as online crackdown widens

March 26, 2018 11:10 AM EDT

By Tommy Wilkes and Fanny Potkin

LONDON (Reuters) - Twitter Inc (NYSE: TWTR) will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses.

The prohibition will cover advertising of initial coin offerings (ICOs) - crowdfunding used to raise cash by creating new coins - as well as token sales, the San Francisco-based firm told Reuters on Monday.

The new policy, which will be rolled out over the next 30 days, will also ban ads by cryptocurrency... More

U.S. regulator, state attorneys look for answers from Facebook

March 26, 2018 10:57 AM EDT

(This version of the March 26 story corrects paragraph 24 to remove reference to ISBA suspending adverts)

By David Shepardson

WASHINGTON (Reuters) - The leading U.S. consumer protection regulator and attorneys representing 37 states stepped up pressure on Facebook Inc (NASDAQ: FB) on Monday to explain how the social network allowed data of 50 million users get into the hands of a political consultancy.

The U.S. Federal Trade Commission took the unusual step of announcing that it had opened an investigation into the company - which it generally only does in... More

Twitter (TWTR) Sees Strong Gains; Shares Up 4.4%

March 26, 2018 10:10 AM EDT

Twitter (NYSE: TWTR) sees strong early upside. Shares up 4.4%.

... More

Facebook scandal could push other tech companies to tighten data sharing

March 22, 2018 1:04 AM EDT

By Paresh Dave

SAN FRANCISCO (Reuters) - Big internet companies and small software developers alike are likely to face scrutiny over how they share customer information in the wake of the scandal involving Facebook Inc (NASDAQ: FB) and the British election consulting firm Cambridge Analytica.

Lawmakers in the United States and the EU have called for probes into how Facebook allowed Cambridge Analytica to access data on 50 million users and use it to help the election campaign of President Donald Trump. Facebook shares have fallen 8.5 percent this week as investors fear the incident... More