Musk, Yaccarino Predict Record-Breaking Twitter Usage: Don't Want You 'Hanging By A Thread'
Portfolio Pulse from Ananya Gairola
Despite a reported 5% week-over-week and 11% year-over-year decline in website traffic, Twitter's CEO Linda Yaccarino and owner Elon Musk predict record-breaking usage and screen time statistics. Musk suggested that Twitter's screen time usage could hit an all-time high in the coming week. Twitter Spaces host Mario Nawfal argued that the number of sign-ups flaunted by Meta Platforms Inc., the parent company of Threads, should not be the sole metric of significance.
July 11, 2023 | 2:07 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Twitter Spaces host Mario Nawfal argued that the number of sign-ups flaunted by Meta Platforms Inc., the parent company of Threads, should not be the sole metric of significance. This could potentially impact investor perception of Meta's performance.
The argument that sign-ups should not be the sole metric of significance could potentially impact investor perception of Meta's performance. However, the actual impact will depend on how investors interpret this argument.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Despite declining traffic, Twitter's CEO and owner predict record-breaking usage. This could potentially boost investor confidence and positively impact Twitter's stock price in the short term.
The prediction of record-breaking usage by Twitter's CEO and owner could potentially boost investor confidence in the company, leading to a positive impact on the stock price. However, the actual impact will depend on whether these predictions materialize.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100