Twitter’s stock rallies as analyst is upbeat on clearing out fake accounts

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Shares of Twitter Inc.
TWTR, +2.58%
rallied 2% in premarket trade Thursday, bouncing from a 6% slide suffered over the previous three sessions amid concerns over how the clearing out of millions of fake accounts would affect user numbers. Analyst Rob Sanderson at MKM Partners reiterated his buy rating on the social media company, saying, “Getting rid of bad actors and rampant bot use on the network is a good thing.” And the fact that the crack down on fake accounts suggests Twitter is getting better at artificial intelligence, which Sanderson stressed “is important” for the stock’s long-term outlook. “Deep learning expertise has become a primary engineering focus for [Twitter] especially over the past 2 years,” Sanderson wrote. “This is helping police the network, but could also have game-changing potential in solving user experience challenges.” The stock has run up 51% over the past three months, while the S&P 500
SPX, +0.40%
has tacked on 4.1%.


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