Who is going to buy out TWTR. Great question! One I get at least once a week.
Honestly, I do not think FB will be allowed to buy TWTR. You know, with all of the anti trust, monopoly laws that America rightfully has.
Recently, insights came out that Microsoft would purchase LNKD for 32 Billion. That’s a huge number and is currently larger than TWTR’s market cap is only at 10.14 Billion. That’s right; I used the word only in that sentence.
LNKD honestly has a long way to go to really establish itself in the social media game. TWTR is a huge platform but dead broke. From a technical perspective, it’s making lower lows and lower highs. The 100 SMA is a rock of a resistance. The gap on June 13th, 2016 is a semi bullish gap, no question. It would make sense that TWTR is viewed as a buy low, sell high stock from right now. It’s forming a descending triangle which could break in either direction. I do not have a long play and won’t for some time. But, it’s a highly speculative long term bullish play – if you like that kind of thing.
If you have any questions on the TWTR charts, let me know!
Thanks for reading! You rock!
Jerremy A. Newsome
