Twitter Inc

- The answer, according to a new [study](https://www.evidenceinvestor.com/is-social-media-making-markets-more-efficient/), is yes.
- Analysts are generally overly optimistic when presenting earnings forecasts (largely due to incentives).
- As information technology has proliferated, the competition for information production has increased.
- Negative and positive information are treated differently by human psychology – the former being valued more highly.
- Analysts looking at Twitter succumb to this asymmetry, biasing their forecasts downwards i.e. negating their over optimism.
- These are fascinating results (there a few others in the article).
- $TWTR

https://www.evidenceinvestor.com/is-social-media-making-markets-more-efficient/

Does Twitter make Sell-Side Analysts Better?

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