Twitter Failing in a ‘New Era’ of Machine Learning, Says Evercore ISI

By Tiernan Ray Shares of Twitter (TWTR) are down $68 cents, or 3%, at $19.49, after Evercore ISI’s Ken Sena cut his rating on the stock to Sell from Hold, and cutting his price target a buck to $17, writing that Snapchat and other “platforms” may eat its lunch. “As broadcasting capabilities permeate competing social platforms that are winning influence with TWTR users and advertisers,” observes Sena, “[…] we see more risk than reward, particularly ahead of Snapchat’s anticipated monetization ramp this fall.” The ostensible reason for the ratings action is that Sena has taken a fresh look at so-called machine learning, which he thinks is “a new ear of computing” that “is upon us”: The reinforcing nature between Cloud and mobile, and the explosion in computing touchpoints this creates,…


Link to Full Article: Twitter Failing in a ‘New Era’ of Machine Learning, Says Evercore ISI

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!