Twitter's stock is down for a sixth day, marking its longest streak of declines since August
The shares reflect “underlying concerns that growth and/or guidance would not escape the headwinds caused by Apple IDFA deprecation and supply chain challenges,” Baird analyst Colin Sebastian wrote in a research note, referring to changes around Apple’s data-collection policies.
Investors may also be disappointed with U.S. user results that were flat quarter over quarter, Jefferies analyst Brent Thill said, adding that the lackluster growth may raise concerns about U.S. market saturation. Social-media peer Pinterest Inc. followed Twitter lower on Wednesday, falling as much as 4.3 per cent to extend a recent slump. The company is scheduled to report third-quarter results on Nov. 4. Snap also traded lower, down as much as 6.3 per cent. Elsewhere, Facebook is down 0.1 per cent.
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