July 12, 2018

Twitter has purged 70M accounts recently

Recent reports in the media has indicated that Twitter has just deleted 70 million "fake" accounts in May, June and continuing in July. Doug Kass wonders what if this could lead to a drop in share prices for its rival Facebook. 

"If $TWTR is killing 70mm accounts --what the heck does that mean for $FB  (which is also at record highs despite enormous hiring for privacy and content issues)…"

"My question -- what the heck does that mean for shares of Facebook ($FB) , which is trading at record highs despite its current enormous hiring of new staff to handle privacy and content issues? "

-via twitter