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.
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?