Was Cliff Asness Right to Bet Big on These Tech Stocks?

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#1 Twitter Inc (NYSE:TWTR)

Shares held (as of June 30): 814,578
Total Value (as of June 30): $29.5 million
Percent Change from First Quarter: 3797%

Twitter Inc (NYSE:TWTR) fell by 25.6% in the third quarter as investors worried about slowing user growth and management’s unsuccessful attempts at monetization. The investor worries may be too negative, however, as Twitter has plenty of things going for it. With a user base in the hundreds of millions and the majority of the world’s celebrities on the platform, Twitter has all the potential in the world. It is just up to new CEO Jack Dorsey to unlock it. Dorsey has plenty of billionaire fellow shareholders, including Steve Ballmer and Alwaleed bin Talal, rooting for him to succeed. If Dorsey fails, a sale to Google is not out of the question. Daniel Benton‘s Andor Capital Management owned 1.5 million shares at the end of June.

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