Twitter tweets upward on upgrade, new security guidelines in place
Rising Tweets: Twitter had a busy start to the week Monday, and not due to the latest missives from President Donald Trump.
The train accident that just occurred in DuPont, WA shows more than ever why our soon to be submitted infrastructure plan must be approved quickly. Seven trillion dollars spent in the Middle East while our roads, bridges, tunnels, railways (and more) crumble! Not for long!
— Donald J. Trump (@realDonaldTrump) December 18, 2017
No, Twitter made some headlines of its own, beginning with the positive sentiment that Wall Street felt about the social-media company’s prospects. JP Morgan analyst Doug Anmuth raised his rating on Twitter’s stock to overweight (which is the way some analysts like to say “buy”) from hold (which is the way some analysts say “hold”) on the grounds that he thinks 2018 will be the year Twitter finally shakes off many of the shackles and issues that have hampered its performance in recent years.
Anmuth said Twitter should see improvements in its different value propositions, and that revenue should show consistent growth. Among the reasons Anmuth said he was optimistic about Twitter: he expects its daily active users to rise by 10 percent next year, revenue from advertisers to climb by 8 percent, and the company’s video and live-streaming products to improve.
With Anmuth’s upgrade fresh in the minds of investors, Twitter’s shares ended the day with a gain of 11 percent, to close at $24.69.
While Twitter’s shares ended the day up, the company was also cracking down on abuse by its users.
Twitter began enforcing a new effort to fight hateful and abusive speech in its tweets that will include suspending accounts permanently for groups that promote their causes through the use of violence. Twitter will look at users’ behavior to determine whether the accounts meet the company’s suspension criteria. It will also start providing warnings about content that contains hate symbols or images.
Do You Want $20s, Or Bitcoins?: Just when ATMs have begun offering their customers a choice of bills –many machines now give you the chance to get your cash in $5s, $20s or $100s — here comes Coinucopia, a Sacramento-based startup that offers access to bitcoin with its cash machines. Coinucopia operates 17 ATMs around the Bay Area that give people the ability to get their hands on the digital cryptocurrency.
Quote of the Day: “You are profoundly unworthy 2 wield a lightsaber.” — Actor Mark Hamill, aka, Luke Skywalker, in a tweet ridiculing Federal Communications Commissioner Ajit Pai for spearheading of the FCC’s decision to do away with net neutrality guidelines.
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