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

Citron Research Discusses Twitter (TWTR) Short on CNBC

March 27, 2018 3:14 PM EDT

Citron Research Discusses Twitter (NYSE: TWTR) Short on CNBC

... More

Companies clamp down on crypto ads as regulators play catch-up

March 27, 2018 1:04 PM EDT

By Tommy Wilkes and Fanny Potkin

LONDON (Reuters) - A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry.

Twitter (NYSE: TWTR) on Tuesday began blocking crypto ads, becoming the latest internet giant to crack down after moves by Alphabet's Google (NASDAQ: GOOGL) and Facebook (NASDAQ: FB) earlier this year.

Once restricted to small online chatrooms for early bitcoin backers,... More

Facebook's (FB) Zuckerberg is Said to Testify Before Congress - CNN

March 27, 2018 11:38 AM EDT

(Updated - March 27, 2018 11:41 AM EDT)

Facebook's (NASDAQ: FB) Mark Zuckerberg has decided to testify before Congress, according to CNN.... More

Citron Research Short on Twitter (TWTR)

March 27, 2018 10:45 AM EDT

(Updated - March 27, 2018 10:46 AM EDT)

Citron Research short on Twitter (NYSE: TWTR), saying they see a pullback to $25. Citron sees Twitter as the most vulnerable to privacy regulation.

... More

Wall Street wavers after strong rally, tech stocks struggle

March 27, 2018 7:43 AM EDT

(This version of the March 27 story corrects to "Minneapolis" from "Helena, Montana" in paragraph 3)

By Sruthi Shankar and Sweta Singh

(Reuters) - The S&P 500 and the Dow rose on Tuesday, led by gains in industrial and consumer staple shares, while weakness in technology stocks dragged down the Nasdaq.

Stocks have been volatile in the session after the main U.S. indexes notched their best day in 2-1/2 years on Monday on waning concerns of a trade war between the United States and China.

"Right now, the biggest driver in the market seems... More

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

March 26, 2018 2:54 PM EDT

Susquehanna options strategist Alison Edwards notes continued put buying in Twitter (NYSE: TWTR), as an investor purchased 5000 Jun 25 Puts paying up to $1.14 and adding to 10K bought last Wednesday for $0.85. The position targets a 23% downside by mid-June.

... More

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