Twitter Failing in a ‘New Era’ of Machine Learning, Says Evercore ISI
By Tiernan Ray Shares of Twitter (TWTR) are down $68 cents, or 3%, at $19.49, after Evercore ISI’s Ken Sena cut his rating on the stock to Sell from Hold, and cutting his price target a buck to $17, writing that Snapchat and other “platforms” may eat its lunch. “As broadcasting capabilities permeate competing social platforms that are winning influence with TWTR users and advertisers,” observes Sena, “[…] we see more risk than reward, particularly ahead of Snapchat’s anticipated monetization ramp this fall.” The ostensible reason for the ratings action is that Sena has taken a fresh look at so-called machine learning, which he thinks is “a new ear of computing” that “is upon us”: The reinforcing nature between Cloud and mobile, and the explosion in computing touchpoints this creates,…
Link to Full Article: Twitter Failing in a ‘New Era’ of Machine Learning, Says Evercore ISI
Sharing
