Lowering Twitter’s Fair Value
Twitter’s disappointing quarterly results show that the firm is struggling to become a mass-market media platform, and the risk/reward trade-off in the shares is not attractive today, writes Morningstar’s Rick Summer.
Twitter’s disappointing quarterly results show that the firm is struggling to become a mass-market media platform, and the risk/reward trade-off in the shares is not attractive today, writes Morningstar’s Rick Summer.