Twitter Knocked Off Its #1 App Perch
The Twitter app has been knocked off its Number One perch as free speech social media platform Parler has risen to the top to take its place...(many Twitter users are switching to Parler for their town-square style free discussion).
Twitter (TWTR) is still below its IPO opening price of 45.10 (November 7, 2013), as shown on the following monthly chart. In fact, it's 30% below, as shown on the second chart.
The balance of power still rests in the hands of sellers as downside momentum continues to accelerate.
Major support sits somewhere around 20.00, while major resistance is still formed by its IPO opening price of 45.10.
Until we see a reversal (and hold) of both the BOP and MOM above the zero level, I'd expect the selling to continue while Parler's userbase continues to explode.
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Never heard of #Parlor, yet this is the third time I've heard about it in the past hour. I had checked it out and found it odd that I couldn't actually see anything without registering.
It's a free social media platform...many Conservatives (journalists, politicians, etc.) have signed on who are fed up with Twitter's censoring practices (especially the last several days), although anyone can sign up and check it out...it only takes a couple of minutes. You can make it a public or private account in the Settings & Privacy section. It functions very much like the Twitter platform...easy to use.
I had the same thought. That and - I like the new hairdo @[Candy Matheson](user:22648)
Thanks, Susan...hair colours & styles come & go rather quickly for me. :-)