Twitter Accounts for Finance

Recently created a Twitter account for the sole purpose of financial news. What accounts do you follow?

Thanks in advance,

Young Chimp

Twitter's Bar Mitzvah! Is Social Media coming of age?

Life's transitions, from single to married, from renter to homeowner, and from employed to retired, just to name a few, are never easy, since the rules change, as do the measures of success and failure and that is perhaps the reason that they are accompanied by ceremonies (weddings, housewarming, retirement parties). The life of a business is also full of transitions, and not only are they just as difficult for investors, traders and managers, but they often occur without ceremony, and can go unnoticed. In the last three years, social media companies have claimed center place in market conversations, first when they went public at prices that old-time value investors found inconceivable, and then as their ups and downs became part of market lore.

In the last few weeks, we have seen this fascination with social media companies play out again, first in the market reaction to Mark Zuckerberg's post earnings statements about Facebook's future investment needs and then in Twitter’s struggles to reclaim its narrative at its analyst meeting last week. I get a sense that we are on the cusp of a transition, where the time for pure story telling (and its metrics) is ending and more traditional metrics (revenues, profitability) will come to the fore. That does not presage, as some are suggesting, the end of the social media party and a collapse of social media market capitalizations, but it does mean that investors, traders and managers have to recalibrate to a different game, where they will be judged not on pure sector momentum but on their capacity to cull winners from losers and find the right metrics for making those judgments.

Do you actually tweet from your Twitter account?

I recently read an article about Twitter users' engagement and I was wondering:
How many of you do you actually tweet from your Twitter account?

According to the WSJ Digits article, nearly 1 out of 2 accounts has never sent a tweet.

A report from Twopcharts, a website that monitors Twitter account activity, states that about 44% of the 974 million existing Twitter accounts have never sent a tweet.

Personally, I use Twitter strictly as a news feed and have never tweeted/retweeted something and I'd bet that most people in the finance community tend to use Twitter this way.

Who to follow on Twitter

Having recently succumbed to the popularity of twitter I was wondering who WSO recommends to follow? Wether it be finance professionals or just interesting personalities.

Playing TWTR Earnings Today

Anyone playing options despite the expected volatility being priced in calls and puts?

How to value Twitter?

Not sure why the usual cited yardstick for valuing Twitter is a multiple of Twitters' YTD revenue ($14 billion market cap is nearly 30x revenue)... as opposed to EV/Revenue or EV/EBITDA. Is it because there are no similar comps, or precedent transactions that offer a valuation range?

The Twitter IPO: Thoughts on the IPO End Game

The Twitter IPO moved into its final phase, with the announcement last week of the preliminary pricing estimates per share and details of the offering. The company surprised many investors by setting an offering price of $17 to $20 per share, at the low end of market expectations, and pairing it with a plan to sell 70 million shares. Having posted on my estimate of Twitter’s price when the IPO was first announced and following up with my estimate of value, when the company filed its prospectus (S-1) with Twitter, I thought it would make sense to both update my valuation, with the new information that has emerged since, and to try to make sense of the pricing game that Twitter and its bankers are playing.

Bird is the word

This post is biased towards opinions rather than facts.

Is Twitter a good company in a good business? Probably not.

Twitter faces significant competition for every single aspect of its business, including users, advertisers and personnel. Competitors include giants like Facebook, Google, LinkedIn, Microsoft and Yahoo!. Internationally, competition comes from smaller companies like Sino Weibo in China, LINE in Japan and Kakao in South Korea. While the former has money and clout, the latter has momentum and a comprehensive knowledge of the local markets. I cannot think of a fiercer and more global competition.

Twitter IPO: Why a good trade be a bad investment (or vice versa)?

In my last post, I valued Twitter at about $10 billion. I made a ton of assumptions to get to that value and I argued that changing those assumptions could give you a different value. In the last few days, I am sure that you have seen many stories about Twitter’s post-IPO worth, with numbers as high as $25 billion being offered as estimates. In fact, the gambling markets have already opened on the offering price and the players in that market seem to be siding with the higher numbers. As an investor on the side lines, I don't blame you if are probably completely confused about these competing and divergent numbers but there is a way in which you can start making sense of the process.

Twitter Announces IPO: The Valuation

A little more than a week ago, I posted my first take on Twitter and argued that even in the absence of financial information from the company (since the prospectus had not been filed yet), you could price the company. Based on prior transactions in the company (VC infusions and acquisitions) and the multiples of revenues/users for other companies in the space (the social media medley, as I called it), I argued that Twitter would be priced at about $12 billion by the bankers.