Twitter growth grinds to a halt
I thought we should dust off a December 2013 post:
The Wall Street Stupidity Index
A new tool to measure one of the great market forces.
The day Twitter went public not only was profitable in the fiscal sense, but also illuminated a metric that has heretofore been underappreciated by those attempting to comprehend and thereby profit from the laws that guide the market. We will call this potent new tool the Wall Street Stupidity Index. On Nov. 7, 2013, you may remember, the market went down more than 150 points. Yet Twitter hovered cheerfully above the bloodbath, darting about in the sunshine of a 73% increase from its opening price. There were many good reasons for this, of course. Twitter is terrific....Here's the monthly chart, from the Nov. 7, 2013 IPO, via FinViz. Today the stock looks to open down 7%: