Company profile

Ticker
TWTR
Exchange
Website
CEO
Jack Dorsey
Employees
Incorporated
Location
Fiscal year end
Former names
Twitter Inc
SEC CIK
IRS number
208913779

TWTR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 20
27 Sep 20
31 Dec 20

News

Quarter (USD) Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Twitter earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
21 Sep 20 Michael Montano Common Stock Sell Dispose S Yes 39.33 1,750 68.83K 696,963
8 Sep 20 Michael Montano Common Stock Sell Dispose S Yes 38.55 1,750 67.46K 698,713
8 Sep 20 Ned D. Segal Common Stock Sell Dispose S Yes 38.55 7,000 269.85K 677,161
1 Sep 20 Ned D. Segal Common Stock Sell Dispose S No 40.58 17,216 698.63K 684,161
26 Aug 20 Kaiden Robert Common Stock Sell Dispose S Yes 40.8383 11,919 486.75K 166,950
71.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 735 693 +6.1%
Opened positions 138 115 +20.0%
Closed positions 96 154 -37.7%
Increased positions 229 235 -2.6%
Reduced positions 254 242 +5.0%
13F shares
Current Prev Q Change
Total value 16.91B 13.95B +21.2%
Total shares 567.78M 567.12M +0.1%
Total puts 31.47M 43.19M -27.1%
Total calls 33.86M 17.42M +94.4%
Total put/call ratio 0.9 2.5 -62.5%
Largest owners
Shares Value Change
Vanguard 82.34M $2.45B -0.8%
BLK BlackRock 53.41M $1.59B +3.3%
MS Morgan Stanley 49.68M $1.48B +3.4%
STT State Street 35.91M $1.07B +0.7%
Clearbridge Advisors 24.26M $722.83M -4.8%
Aristotle Capital Management 16.73M $498.34M +3.6%
UBS UBS 14.44M $430.17M +145.4%
CS Credit Suisse 13.26M $395.07M +29.0%
Geode Capital Management 12.41M $368.94M +5.1%
NTRS Northern Trust 11.89M $354.35M +0.7%
Largest transactions
Shares Bought/sold Change
UBS UBS 14.44M +8.56M +145.4%
NMR Nomura 5.6M -6.61M -54.1%
Coatue Management 353.83K -6.29M -94.7%
American Century Companies 2.25M -4.32M -65.7%
FMR 11.39M +3.33M +41.3%
SRS Investment Management 3.29M +3.29M NEW
CS Credit Suisse 13.26M +2.98M +29.0%
JPM JPMorgan Chase & Co. 7.98M +2.63M +49.1%
BCS Barclays 2.64M -2.13M -44.6%
Nuveen Asset Management 11.64M -2.05M -15.0%

Financial report summary

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Risks
  • The COVID-19 pandemic has disrupted and harmed, and is expected to continue to disrupt and harm, our business, financial condition and operating results. We are unable to predict the extent to which the pandemic and related impacts will continue to adversely impact our business, financial condition and operating results and the achievement of our strategic objectives.
  • If we fail to increase our mDAU, ad engagement or other general engagement on our platform, our revenue, business and operating results may be harmed.
  • We generate the substantial majority of our revenue from advertising. The loss of advertising revenue could harm our business.
  • If we are unable to compete effectively, our business and operating results could be harmed.
  • Our prioritization on the long-term health of our service, and on product innovation may adversely impact our short-term operating results.
  • We depend on highly skilled personnel to grow and operate our business. If we are unable to hire, retain and motivate our personnel, we may not be able to grow effectively.
  • Our products, mDAU growth, and engagement depend upon the availability of a variety of third-party services and systems and the effective interoperation with operating systems, networks, devices, web browsers and standards. We do not control all of these systems and cannot guarantee their availability, and we cannot guarantee that third parties will not take action that harm our products or profitability.
  • Our new products, product features, services and initiatives and changes to existing products, services and initiatives could fail to attract new people to Twitter, content partners, advertisers and platform partners or generate revenue.
  • Our business and operating results may be harmed by our failure to timely and effectively scale and adapt our existing technology and infrastructure.
  • If we are unable to maintain and promote our brand, our business and operating results may be harmed.
  • Spam and fake accounts could diminish the experience on our platform, which could damage our reputation and deter people from using our products and services.
  • Our products may contain errors or our security measures may be breached, resulting in the exposure of private information. Our products and services may be subject to attacks that degrade or deny the ability of people to access our products and services. These issues may result in the perception that our products and services are not secure, and people on Twitter and advertisers may curtail or stop using our products and services and our business and operating results could be harmed.
  • Our international operations are subject to increased challenges and risks.
  • Our business is subject to complex and evolving U.S. and foreign laws and regulations. These laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to our business practices, monetary penalties, increased cost of operations or declines in mDAU growth, mDAU engagement or ad engagement, or otherwise harm our business.
  • Regulatory investigations and settlements could cause us to incur additional expenses or change our business practices in a manner material and adverse to our business.
  • We may face lawsuits or incur liability as a result of content published or made available through our products and services.
  • Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products, services and brand.
  • We are currently, and expect to be in the future, party to intellectual property rights claims that are expensive and time consuming to defend, and, if resolved adversely, would adversely impact our business, financial condition and operating results.
  • We have incurred significant operating losses in the past, and we may not be able to maintain profitability or accurately predict fluctuations in our operating results from quarter to quarter.
  • Many of our products and services contain open source software, and we license some of our software through open source projects, which may pose particular risks to our proprietary software, products, and services in a manner that could adversely impact our business.
  • We rely on assumptions and estimates to calculate certain of our key metrics, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.
  • Acquisitions, divestitures and investments could disrupt our business and harm our financial condition and operating results.
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • Our debt obligations could adversely affect our financial condition.
  • Our business is subject to the risks of earthquakes, fire, power outages, floods and other catastrophic events, and to interruption by man-made problems such as terrorism.
  • We may have exposure to greater than anticipated tax liabilities, which could adversely impact our operating results.
  • If our goodwill or intangible assets become impaired, we may be required to record a significant charge to earnings.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Anti-takeover provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • The market price of our common stock has been and will likely continue to be volatile, and you could lose all or part of your investment.
  • The note hedge and warrant transactions may affect the value of our common stock.
  • If securities or industry analysts change their recommendations regarding our common stock adversely, the price of our common stock and trading volume could decline.
Management Discussion
  • Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Subsequent to our announcement of our financial results for the second quarter of 2020, which was furnished on Form 8-K on July 23, 2020, we received a draft complaint from the FTC alleging violations of our 2011 consent order with the FTC and the FTC Act. The allegations relate to our use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019. As a result, prior to the filing of this Form 10-Q, we estimated a probable loss and recorded an accrual of $150.0 million which is included in accrued and other current liabilities in the consolidated balance sheet and in general and administrative expenses in the consolidated statements of operations. The additional expense of $150.0 million resulted in a $0.19 increase in basic and diluted net loss per share for the three and six months ended June 30, 2020.
  • Revenue in the second quarter of 2020 totaled $683.4 million, a decrease of 19%, compared to the second quarter of 2019.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: accrual, aware, ballot, civil, CJEU, complement, coordinated, CPRA, draft, EEA, email, evidence, Explore, exploring, furnished, hoc, Home, Justice, legitimize, movie, November, paused, piece, RSU, Secretary, Spain, subset, subsided, surface, unresolved, upcoming, verification, watch
Removed: behavior, Geographical, Shareholder

Patents

APP
Utility
Authentication Mechanism
24 Sep 20
A system and method including: receiving an authorization request originating from an authorization module of an application executing on a client device, where the authorization request includes an identifier identifying the client device; causing transmission, based on the identifier, of a verification message to the client device, where the verification message includes a verification code; receiving a confirmation of the verification code from the authorization module of the application executing on the client device; authenticating the application based on the receiving the confirmation of the verification code; determining that the client device identified by the identifier corresponds to a user account including secure user data associated with a user; and transmitting a unique token verifying that the application is authorized to sign into the user account, where: the unique token uniquely identifies the user account to the application, and the secure user data is not shared with the application.
APP
Utility
Live Video Streaming Services
24 Sep 20
In some implementations, a system may include an interactive video broadcasting service, implemented on a server, configured to enable a plurality of source devices to broadcast live feed video streams, over a network, to a plurality of viewing devices.
GRANT
Utility
Composing social media messages referencing multiple messages
22 Sep 20
Methods, systems, and apparatus, including computer programs encoded on computer storage media, for providing content on a social messaging platform.
GRANT
Utility
Low-bandwidth avatar animation
22 Sep 20
Methods, systems, and apparatus, including computer programs encoded on computer storage media, for generating avatars based on physical sensor measurements.
APP
Utility
Event Content Delivery
10 Sep 20
Methods, systems, and apparatus, including computer programs encoded on computer storage media, for providing event-specific media content.