Corporations Pull Twitter $TWTR Advertising, Dark Pool Selling

  • Post category:Dark Pool Stocks
  • Reading time:5 mins read
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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).

Twitter stock chart on November 5, 2022, with dark pool trades shown in orange bars with a table to the right with the text TIME SYMBOL MESSAGE PRICE 10/27/22 TWTR 149,600 DARK BLOCK $8.0M 0.67% AvgVol $53.70 10/27/22 TWTR 1,235,791 DARK AVGPRC $66.0M 5.52% AvgVol $53.70 10/27/22 TWTR 136,135 DARK ISO $7.3M 0.61% AvgVol $53.84 10/27/22 TWTR 520,000 DARK AVGPRC $27.0M 2.32% AvgVol $53.70 10/27/22 TWTR 405,688 DARK BLOCK $21.0M 1.81% AvgVol $53.70 10/27/22 TWTR 1,303,000 DARK BLOCK $69.0M 5.82% AvgVol $53.70 10/27/22 TWTR 500,000 DARK AVGPRC $26.0M 2.23% AvgVol $53.70 10/27/22 TWTR 268,798 DARK BLOCK $14.0M 1.2% AvgVol $53.70 10/27/22 TWTR 118,300 DARK ISO BBDay $6.3M 0.53% AvgVol $53.72

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 revenue, 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

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.

Twitter stock on November 5, 2022, testing uptrend channel wall resistance with a neutral MACD and a positive money flow.
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