How about the Awesomeness of Twitter
(media.greatawakening.win)
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It kind of just looks like the usage is falling back to pre-covid, which would make sense.
Not sure what you are seeing but Twitter was in the 80s pre covid. The lowest it got at the bottom of the Covid scare was about $49. right now it is $33
I'm looking at the graph you provided that shows April bottoming out around $27 max. According to Yahoo finance, on April 1, 2020, the average price was $23.
I'm not sure where you got "80s pre covid"? The highest price in the last 5 years, prior to covid was ~$45. In fact, the only time it got close to 80 was in this graph's spike in 2021, mid-covid. Before that, the highest price was about $64, at the beginning of 2014. (NYSE Historical Data)
I was wrong on what I said here. These charts were just things I glanced at while working on other charts.
I was focused on the overall market. I should have taken a closer look at these two charts. I do not trade Twitter or Facebook so I did not pay enough attention
That being said the overall market as we all know has been showing signs of weakness.
Twitter and Facebook are very weak compared to the overall market.
Using the price levels at the 2020 election you can see that Twitter and Facebook blew right though them going down.
SPY and QQQ are no where near even touching those levels yet.
That just shows that in a very weak market Facebook and Twitter are 2 of the weakest.
Certainly, although I do wonder if their relative weakness is a result of disproportionate growth during covid compared to other markets. Considering Twitter's highest stock valuation (maybe ever? but at least in last 5 years) was in early 2021, it doesn't seem unreasonable to speculate that there was an inflated growth due to hysteria of covid and the election, while for most people who keep themselves at home out of fear of the common cold, social media is their only connection with the world.
Not that I wouldn't love to see facebook and twitter tank, but I just have a hard time believing that they're going anywhere in the near future, or that their stocks are plummeting due to some secret prosecution going on.
I hope it was clear that I was just offering a counter perspective and interested in discussing the data, and wasn't attacking you personally.
No problem on my end. I am glad you pointed it out. Sometimes when I am not going to take a position I get a little lazy looking over a chart. I have to assume that it happens more than I know. That was just a reminder for me. So Thanks.
The market is sending signals that we have more downside available. New supply zones created above price. SPY and QQQ are showing demand zones just at and just below the recent lows. At the same time they have supply zones not that far above for the SPY it is in the 430s. In the QQQ it is in the 340s also in the 350s.
As you said this has nothing to do with any rumors about prosecutions or any other nonsense. Stuff like that is pushed to convince everyone that the market is completely random and only a fool (and Big Banks)would try to time the markets.
As far as why Twitter and Facebook are weaker than the rest of the market I will not even begin to guess. That is not what I do. The fact is I could care less what a company does. I just look at the symbol and the price. I just look for the patterns on a chart that shows me supply and demand imbalances. I assume the market has already priced in any extra nonsense that is floating around about the company.
Of course now I am breaking my rules with DWAC. I honestly believe this is going to be a monster and I am just going to hang on.
Right. Have you compared this with the average stocks? Everything has been on a down-trend lately, even crypto. Correlation does not equal causation -- twitter stock is down, but still higher than what it was at the start of the plandemic.
I haven't really seen a lot of evidence that facebook and twitter are dropping in any significant way that is disproportionate to the market. In fact, Snapchat seems to follow the twitter/facebook stock trends almost exactly, and even intel looks pretty similar. I don't use social media, so I'm not sure what other publicly traded social media companies would be comparable (and not already owned by facebook/twitter), but I wouldn't be surprised if they all had the same trends, perhaps even social-centric online games.
That the market should be taken into account when claiming that specific companies are suffering due to hidden forces?
Huh? Since when is questioning the conclusion from a data set "talking down?"
And I did follow it up. I provided a comparable example of Snapchat, which is following the same trend. You claimed facebook and twitter are being targeted, but I argued I didn't see any evidence of that.
The context of the market matters.
Wow. It's amazing that not only did you take an impersonal discussion of stock trends so personally, but that you were so upset by my questions that you felt the need to go downvote my entire comment history. That's an extreme level of pettiness.
I highly recommend going outside for a bit and getting some fresh air.
Truth Social just had a healthy pullback. Time to consider if you want in or not. The difference between Truth Social, Twitter and Facebook is this. Truth Social has a future.
(Approved) Truth Social™
I, 97% agree with your statement. Just not the sad part. lol
See the horizontal line that marks the election day close (the arrow) Follow that line across. Price spend a month trying to defend that level. You can see how many days it tried to stay above that area and finally gave up. They did not want the optics of having lost all gains since the election. Go woke, Go Broke