Twitter Inc (TWTR) Reports Second Quarter Earnings Beat, But Slumps On Weak User Growth: Chance To Buy?

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Hedge funds were bullish on the stock during the first three months, as top hedge fund managers like Jim Simons opted to open large positions in the stock during the quarter, but the stock has dropped by 30% since, following disappointing growth and results. We can say that the hedge funds got it wrong with respect to Twitter’s stock during the first quarter. Considering Twitter’s sluggish user growth in the region where it generates the majority of its revenue, we don’t recommend buying the stock at the moment.

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