Twitter (TWTR) stock rose Wednesday on reports that the social media company has filed a patent for a drone that tweets and takes selfies. The move comes as other tech firms, including Alphabet (GOOGL)-owned Google, Amazon.com (AMZN), Facebook (FB), Alibaba Group (BABA) and Wal-Mart (WMT), plan to use drones to make deliveries. Twitter was granted a patent earlier this month for a messaging-enabled unmanned aerial vehicle, or UAV, that takes
Twitter (TWTR) fell on Tuesday after Evercore ISI handed a price target cut to the social media company and said people are spending less and less time using Twitter’s services as it is overtaken by competitors including Snapchat and Facebook (FB)-owned Instagram. Twitter stock was down almost 4% in midday trading in the stock market today near 24. Concerns on user growth and profitability contributed to the 34% collapse of Twitter stock this
New products could push Twitter (TWTR) to emerge as “one of the potential wild card plays among Internet stocks” in 2016 — if the social media company can spark user growth, Rosenblatt Securities analyst Martin Pyykkonen wrote in an industry note Friday. “We think Twitter’s new ‘Moments’ feature … could bring more casual user growth and point toward more of a mass market,” Pyykkonen said. Twitter’s new Periscope live video broadcasting service