Twitter (TWTR) stock fell Wednesday as a Cantor Fitzgerald analyst lowered his rating on the microblog company’s stock to sell from hold. It follows a downgrade from Morgan Stanley on Monday, which cut its rating to underweight, or sell, from equal weight. Twitter stock was down 1.4%, near 60.60, in midday trading in the stock market today. Earlier Wednesday, Twitter stock was down nearly 6%. The microblog company’s stock hit an all-time high of
Advertisers are expected to shift more of their TV ad spending to digital video and multimedia ads in 2014, with many Internet leaders benefiting from the shift. Investors buoyed market values for Facebook (FB), Yahoo (YHOO) and Twitter (TWTR) in 2013 at least in part on anticipation that multimedia and mobile ads are further taking flight in 2014. Google (GOOG) already has a sizable video ad business with its YouTube site, but it’ll be looking to
Morgan Stanley on Monday downgraded Twitter (TWTR), saying TV ad dollars that shift to online advertising likely will first go to Facebook (FB) or Google’s (GOOG) YouTube rather than to Twitter. Twitter stock was down more than 5% in midday trading in the stock market today, near 65.30. Twitter stock broke into new highs in December, topping above 74 on Dec. 26. But Morgan Stanley analysts wrote in a research note Monday that Twitter is trading at