Twitter stock price has been dropping for a couple of months now as expected after breaking all-time highs last March 2021. This social media stock is trading today at $54.65 per share. A strong demand imbalance has just taken control. Buy opportunities will be possible on Twitter stock during May 2021 and probably for a few weeks.
The stock has reached this imbalance when Twitter Spaces is opening up and monetization is on the way. As a supply and demand trader, we should be thinking of buying shares of Twitter TWTR stock. If you are using smaller timeframes or you are an intraday stock trader, think of buying shares of the stock or use bullish stock option strategies because shorts are not allowed for this stock.
Take a look at Twitter stock price today May 4th 2021. We are expecting a good reaction from that imbalance around $54 per share. Twitter Spaces, the messaging platform’s clubhouse-like feature, is rolling out to more and more people. This feature was introduced as a beta in December 2020, Twitter’s audio-only feature allows users to host and participate in live conversations in dedicated chat rooms, or what they call Spaces.
Twitter is also working on a ticketed Spaces offering. This feature will help monetize the company and will let hosts create a ticketed experience for premium or exclusive conversations. Twitter is not the only company doing something similar. Facebook has also ramped up its entries into social audio, a niche popularized by Clubhouse. Both platforms, Twitter and Facebook, are already experimenting with ways that users can earn money and monetize their social media at the same time.
Could all this help price to react to that imbalance? We will see. See Twitter stock price today. Waiting for the reaction.
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