TWTR - a new CEO won't much help

Whilst the broader market saw some moderate weakness, Twitter (TWTR) saw a very significant decline, -8.4% @ $24.67, as the debate about who will become CEO rumbles on. The near/mid term trend remains very bearish, next key support is the psy' level of $20.00.. which seems a given before year end.


TWTR, daily

Summary

Suffice to add, whether Dorsey.. or whomever takes over, TWTR faces significant problems. Just how is it going to build users in the months.. and years ahead?

Further, there is obvious high risk of an alternative appearing at any point. I'm almost surprised there is not a 500 character alternative. We want more text space in our tweets, yes?

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*I have no position, TWTR remains one I keep an eye on, for pure entertainment reasons.