Friday’s Headlines: Twitter Profiles Get A Revamp
Here were the biggest movers in the MyWallSt shortlist yesterday:
Moving Up ⬆️
Sea Limited (SE) +8.6%
The Trade Desk (TTD) +6.7%
Twilio (TWLO) +6.0%
Wix (WIX) +5.5%
Smartsheet (SMAR) +5.3%
Moving Down ⬇️
Nordstrom (JWN) -6.3%
Evolent Health (EVH) -4.4%
Duluth Trading (DLTH) -2.6%
Nautilus (NLS) -1.9%
Axos Financial (AX) -1.6%
1. The Twitter (TWTR) updates just keep coming this week after the company announced yesterday that it’s previewing a slate of changes for users profiles. Just after the social site said it's relaunching its account verification system to the public, soon, your new profile could also include an ‘About’ tab that will allow users to share more about themselves. The new addition is part of Twitter’s plans to reach 315 million monetizable daily active users (mDAUs) by the end of 2023. The mini-blogging site hopes the update will increase engagement, especially as it rolls out the new ‘Super Follow’ button for creators so they can have more ways to share their information. See more on the updates here.
2. Just like an Apple (AAPL) Store, but for Google (GOOG) gadgets, the ad giant is opening its first permanent retail store. This summer, shoppers will be able to buy Pixel phones, Fitbit wearables, Pixelbooks, Nest thermostats and speakers in Google's new store, located in New York City's Chelsea neighborhood. Google has experimented with pop-up shops before, but this move is more akin to Apple by offering a space where consumers can come in to test products and get support. As retail spaces reopen in the U.S., the new store should get plenty of traffic from people eager to shop offline again post-pandemic. Read more on the story here.
3. After months of delays, Tesla (TSLA) plans to finally deliver the Model S Plaid by June 3rd. On Thursday, Elon Musk tweeted that the company will hold a “delivery event” at its Fremont, California factory for the long-delayed model. During an earnings update in January, Musk stated that the car was already in production but in its Q1 vehicle deliveries report, he said that Tesla had not produced a single Model S during the quarter, which frustrated Tesla loyalists. If the automaker delays the release again, it won’t be good for the business as competing EV models, like Volkswagen’s Porsche Taycan and Audi E-tron, increase in popularity. Check out the full story here.
Get this week’s full earnings calendar here.