Over 1 Year Ago
2 Min Read

Off goes TWTR. The stock dropped today. A closer look at what's happening:



Twitter Inc (TWTR) is trading -6% lower at $40.49 today. While it's generally been a slightly glum day for this part of the market, the company is wavering behind it's peers in the Communication Services sector.

  • Elon Musk is seeking documents from Twitter Inc co-founder Jack Dorsey as the CEO of Tesla and SpaceX pursues his legal fight to walk away from his USD 44 billion deal

Twitter Inc has been trading between a 52-week high of $68.41 and a 52-week low of $31.3. The stock has a market cap of $31 Billion.

Twitter, Inc. is the best and fastest place to see what's happening and what people are talking about all around the world. From breaking news and entertainment to sports and politics, from big events to everyday interests.

Headlines


Twitter whistleblower says platform was unable to guard against insider threats on January 6
TechCrunch 08-23-22

Twitter whistleblower says platform was unable to guard against insider threats on January 6 – TechCrunch
TechCrunch 08-23-22

Congress is looking into Twitter whistleblower’s claims of lax security
Engadget 08-23-22

Congress probing Twitter whistleblower claims
Breaking the News 24/7 08-23-22

Twitter accused of manipulation by its ex-security chief
The Bobr Times 08-23-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

VisualMod - 7 upvotes - source
>\*MUSK SUBPOENAS EX-TWITTER CEO DORSEY IN LEGAL FIGHT OVER BUYOUT $TWTR ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-22 ^13:56:20 ^EDT-0400

BogBogTheGreat - 6 upvotes - source
Continue shorting the bird. 🐦 Puts print for TWTR.

jglover82 - 6 upvotes - source
TWTR own employees helping ELON bail on the TITTER LOL

Obvious-Expert-007 - 3 upvotes - source
TWTR shares are going to $55+. Buy.

VisualMod - 3 upvotes - source
>$TWTR - TWITTER SHARES DOWN 4.5% PREMARKET \>Ex-Twitter exec blows the whistle, alleging reckless and negligent cybersecurity policies [edition.cnn.com/2022/08/23/tec…](https://t.co/7jkL2oAyjU) ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-23 ^07:58:10 ^EDT-0400

BigC_Gang - 3 upvotes - source
The market roared back to life the very instant I bought a TWTR put you’re fucking kidding

VisualMod - 3 upvotes - source
>FANG+ Constituents: \>$AAPL 168.05 +0.29% $AMZN 133.83 +0.47% $BABA 90.35 +0.32% $BIDU 133.33 +1.06% $META 163.73 +0.51% $GOOG 115.19 +0.04% $NFLX 227.2 +0.34% $NVDA 171.3 +0.52% $TSLA 878.22 +0.97% $MSFT 277.92 +0.1% \>$TWTR 43.02 -0.09% ^IGSquawk ^[@IGSquawk](http://twitter.com/IGSquawk) ^at ^2022-08-23 ^05:59:05 ^EDT-0400

VisualMod - 2 upvotes - source
>LAWMAKERS INVESTIGATE TWITTER SECURITY CHIEF’S WHISTLEBLOWER ALLEGATIONS - WAPO $TWTR ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-23 ^09:56:06 ^EDT-0400

Sandvicheater - 2 upvotes - source
Ex head of Twitter security claimed that twitter misled regulators on the number of bots. LOL TWTR hoping for a court case slam dunk aint getting it and Elon might just beat the case. Puts on TWTR and calls on TSLA

BadVladMY - 2 upvotes - source
Besides being good, Elon is one lucky dude - all in perfect time for the TWTR trial. https://www.cnn.com/2022/08/23/tech/twitter-whistleblower-peiter-zatko-security/index.html