Corporations are pulling advertising dollars from Twitter now that Elon Musk has taken over the company with plans to layoff many employees.
Dark Pool Trading in Twitter $TWTR Stock
The dark pool trading in Twitter $TWTR stock has been crazy! We can divide the dark pool trades into two camps: the first is when Elon Musk took over (dark pool buying), the second is when advertisers pulled ads from the network (dark pool selling).
The first group of dark pool trading occurred around October 21, 2022. This was a smaller group of dark pool trades and the stock rose after these trades hit the tape, so we think they were buy orders.
The second group of dark pool trades occurred around October 27, 2022. This was a much larger group of dark pool trades compared with the first group. These trades hit as globalist corporations began pulling their advertising dollars from Twitter because Elon Musk fired the people put in power at Twitter with ties to its elite investors behind Blackrock and Vanguard. We think this second, much larger group, is selling from Blackrock, Vanguard, and State Street, as globalist corporations pull their advertising dollars from the platform.
General Mills, Mondelez, Pfizer halt Twitter advertising
On November 3, 2022, General Mills, Mondelez, Pfizer, Volkswagen, and Audi are among a growing list of global corporations that have stopped their Twitter advertising following Elon Musk’s official takeover of the social media giant, the Wall Street Journal reports. Some advertisers have concerns that Musk could curtail content censorship of republicans, which they said would cause a boost of objectionable anti-Establishment content. Other companies are concerned about the uncertainty at the company as top executives leave and Musk weighs several changes. Source: https://www.wsj.com/articles/general-mills-audi-and-pfizer-join-growing-list-of-companies-pausing-twitter-ads-11667507765
Musk says Twitter had ‘massive drop’ in revenue because of advertisers
On November 4, 2022, Elon Musk said via Twitter, “Twitter has had a massive drop in revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th..., due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists. Extremely messed up! They’re trying to destroy free speech in America.”
Twitter users can soon get blue check for $8 monthly fee
On November 5, 2022, Twitter announced a new subscription service that costs $8 a month. The blue check mark, which is now only given to verified accounts, will also be given to these accounts. New owner Elon Musk is working to overhaul Twitters verification system and keep Twitter financially afloat now that corporations are colluding together to pull advertising dollars from Twitter. Will Musk even reinstate President Trump’s Twitter account?
Elon Musk burns AOC over Twitter knock
Twitter $TWTR Stock Technical Analysis
Twitter $TWTR stock is in a technical strong uptrend. Long-term indicators support a continuation of the uptrend. Short-term indicators suggest that the stock is in highly overbought territory, so profit taking or a trend reversal is possible. We think it’s likely that the stock will drop to the lower channel wall to test at the $45.75 area as global corporations target the company and Blackrock and Vanguard reduce long positions.