The Twitter share price has been in a forty five degree nosedive since 4th January, long before the current round of de-platforming and account deletion hit. So obviously the clever money is on the move. Fortunately, for those who bought in during their October dip, there’s still time to get while the getting is good.
Personally, I still regard the Alphabet / Twitter / Facebook shares as ‘bubble stocks’ And forgive me for not being a stock market expert, but I would have put in my sell order on Friday when the news of deleting Trumps account hit. I mean, how thick do you have to be to let your politics get in the way of profits? It wasn’t that long ago when some opined that Twitter et al were like betting on a three legged horse in a steeplechase. And if you bought in earlier in the year, there is still time to cash out while the cashing is good.
Might even stop using Amazon too. If Mr Bezos wants to play politics with his companies share price, I’ll be going elsewhere for my online purchasing. Don’t get me wrong, I was quite a fan of Amazon marketplace, but now? Not so much.
Tech stocks are proving, like in the first tech crash to be ‘surfer’ stocks, and the wave is about to hit the beach. Some will ride it out, many, lured by promises of big gains, may be about to find out how tenuous those gains are.
Then there’s the whole ‘clap’ thing people are trying to bring back, which just serves to embarrass many medical professionals. If you’re having issues in your locale with people getting raided because they’ve been snitched on, the most enthusiastic virtue signallers are likely the folks who are the informers.
Maybe it would be fun to snitch right back at them. Let them reap the whirlwind of their own actions.