- Noting lagging mobile growth, decreasing engagement, competitors investing more money in adtech, and a now-greater valuation, Oppenheimer downgrades Twitter (NYSE:TWTR) to Underperform.
- The team says Twitter saw no boost to engagement from the Olympics - disappointing as the platform appeared to be well-positioned to take advantage of this type of event. The NFL experiment is also off to a slow start.
- Shares -2.35% premarket