Short-Seller Andrew Left: Twitter's Jack Dorsey Hitting His Stride
*By Carlo Versano*
Twitter has never been more relevant in the national conversation and, despite an uproar over misuse of its platform, it remains the social network to beat in terms of influence, said Citron Research's executive editor Andrew Left.
"Dollars will follow relevancy," the short-seller said Thursday in an interview on Cheddar. "\[CEO Jack Dorsey\] has made it clear what kind of platform he wants."
Even as Dorsey shoulders criticism for his refusal to ban the conspiracy theorist Alex Jones, Twitter's continued global presence in the media landscape will be what ultimately pushes the stock up, Left said.
Left also said he's major fan of Twitter's video product, which the company has used to make streaming partnership deals for [high school football] (https://www.ubergizmo.com/2018/08/adidas-to-live-stream-high-school-football-games-on-twitter/), [live concerts] (https://techcrunch.com/2017/05/01/twitter-stream-concerts/), and [Cheddar's own network](https://www.pscp.tv/cheddar/1DXxyYyAolLxM).
In an [analyst note](https://citronresearch.com/wp-content/uploads/2018/08/TWTR-Just-Made-the-Turn-and-Is-Hitting-Stride.pdf) earlier this week, Citron cited Elon Musk's use of the platform to report Tesla news and raised Twitter's price target to $52. It's the preferred form of communication for President Trump, the note said, and a place for elementary school teachers to communicate with parents. Twitter "has become such a part of the fabric of global communication with limited competition" that it's able to weather storms like the current one with Jones, Left's note read.
Twitter, Left said, isn't the worst privacy offender. "Facebook is the most egregious," he said.
Left said it's only a matter of time before a tech giant ー his money's on Microsoft, Google, or Apple ー makes a move.
"Twitter has nothing but market share to gain from its competitors," he said. "Dorsey's my horsey."
For more on this story, [click here](https://cheddar.com/videos/citron-researchs-andrew-left-on-why-raised-twitter-target).
AI is reshaping investigations. Longeye CEO Guillaume Delepine shares how their AI workspace empowers law enforcement to uncover insights faster and smarter.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
