This rally looks overextended and has continued amazingly despite the overall market downturn but I believe a selloff is on the way. TWTR has had several catalysts that have continued to drive the price up this week but that momentum may dry up next week without any more news. While I am currently in a bearish position I do feel as though the stock could attempt another baseless rally at this point because if it has happened before, it very well may happen again...
(Full transparency: I am ankle deep in puts on TWTR - I expect price to retest ~66 within the next two weeks)
As for the proposed roadmap to 2x Revenue in 2023: "Super Follow" subscription model is going to receive negative feedback from current user base since it is a departure from the "this site is free" foundation of Twitter and paints the company as one that needs to copy competitors models in order to stay relevant - no innovation in a subscription model that mirrors OnlyFans (a site actually that has a reason for users to lock content behind a paywall) - ironically, #RIPtwitter is already trending (on Twitter... )
(Full transparency: I am ankle deep in puts on TWTR - I expect price to retest ~66 within the next two weeks)
As for the proposed roadmap to 2x Revenue in 2023: "Super Follow" subscription model is going to receive negative feedback from current user base since it is a departure from the "this site is free" foundation of Twitter and paints the company as one that needs to copy competitors models in order to stay relevant - no innovation in a subscription model that mirrors OnlyFans (a site actually that has a reason for users to lock content behind a paywall) - ironically, #RIPtwitter is already trending (on Twitter... )