After a strong Q3 revenue rebound, Twitter (TWTR) plunged on disappointing user growth. The social media company saw substantial user growth in the prior few quarters highlighting what is likely to happen to other stocks after virus juiced results cool off. My investment thesis remains optimistic on Twitter turning the corner on ARPU growth and building on the user growth so far this year.
Over the previous 2 quarters, Twitter had grown mDAUs by a combined 34 million to 186 million. Naturally, the market expected another quarter of strong user growth after both Pinterest (PINS) and Snap (SNAP) had strong quarters. Instead, Twitter only reported mDAUs grew 1 million sequentially to 187 million.
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