💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Twitter, down 9.9%, responds on its data licensing business

Published 03/27/2018, 02:48 PM
© Reuters.  Twitter, down 9.9%, responds on its data licensing business
TWTR
-
  • 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 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."
  • Citron said "Wait until the Senate hears Twitter's hidden secret": that the company will generate $400M this year from private data sales rather than advertising.
  • Twitter pointed to a blog entry detailing how its data licensing business uses the public data.
  • The stock's now at its lowest point since Feb. 7.
  • Now read: Monday Musings Amid The Voracious Early Dip Buying


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.