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| Short-seller targets Twitter because of potential backlash to its data business Citron wrote in a blog post Tuesday that this year Twitter's data-licensing business will generate $400 million — although analysts polled by FactSet say $387 million — and that it represents the fastest-growing segment of the company's operations (which it is, according to FactSet). U.S. lawmakers ...
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| Twitter's data problems could be even worse than Facebook's Either way, Left noted previous comments from Twitter chief financial officer about data licensing being a "a really high margin business," and assumes that 80 percent of Twitter's profits are derived from it. Left's bearish call comes after Senate Judiciary Chair Chuck Grassley (R-Iowa) on Monday called ...
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Twitter sinks after Citron Research says it's the social media company 'most vulnerable to privacy ... Twitter is down more than 5% Tuesday after Citron Research tweeted that it is the most vulnerable social media company to privacy regulation. Social media stocks have been under pressure amid fears of more regulation after it was discovered last week that Cambridge Analytica accessed the data of ...
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| Twitter, down 9.9%, responds on its data licensing business "Public Tweets are viewable and searchable by anyone. This is the power of Twitter," the company says in a tweet. "To be clear - our data licensing business does not sell DMs" (direct messages, which are private communications between Twitter users). "Any reports to the contrary are wrong.".
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| Business Briefs: Waymo teams with Jaguar, Twitter bans crypto ads Google's self-driving car unit Waymo has a new partner: Jaguar Land Rover. The two companies will launch the first ever all-electric, self-driving vehicle, the I-PACE SUV, with the goal of building 20,000 of them over the next two years. The batteries will be long-lasting, giving cars the ability to drive all ...
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| Twitter, down 9.9%, responds on its data licensing business Responding (surely) to a new short report from Citron Research -- which said congressional scrutiny might end poorly for the company's data licensing business -- Twitter (TWTR -9.9%) says "Twitter is public by its nature." "Public Tweets are viewable and searchable by anyone. This is the power of ...
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| Why Twitter, Overstock.com, and Geron Slumped Today Shares of Twitter plunged 12% as the microblogging social media company joined its peers in responding negatively to recent controversy over the use of data collected through the budding technology. Piling on was short-selling specialist Andrew Left at Citron Research, who said that Twitter could be ...
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| Stocks Take Early Bounce; IBD 50 Stocks Lead S&P 500, Nasdaq 100 Bitcoin and cryptocurrencies in general may be in focus Tuesday, after Twitter (TWTR) announced late Monday plans to follow the lead of Facebook (FB) and Google in banning ads for cryptocurrencies. Bitcoin traded just above $7,800 early Tuesday, down bout 7% vs. early Monday and about 12% ...
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| Twitter bans ads for cryptocurrency ICOs, joining crackdown on scams Twitter Inc. will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving ... will also ban ads by cryptocurrency exchanges and cryptocurrency wallet services, unless they are public companies listed on certain major stock markets.
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| Twitter to publish offical info linked to Mexico vote SOCIAL media network Twitter has signed an agreement with Mexico's National Electoral Institute (INE) to distribute official information during the lead-up to July's general elections. Mexico's electoral authority has already agreed on a similar accord with Facebook and is preparing another with Google ...
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