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Twitter is soaring today as its stock hits a high for the year

Twitter is soaring today as its stock hits a high for the year
From TechCrunch - December 18, 2017

Twitter is finally having a good day on Wall Street as it heads into the final weeks of the year, and this time around it may be a result of a little bit of optimism from investors.

There were two big moves for the company today: first, Twitter said it would begin enforcing new rules related to how it handles hateful and abusive content on the platform, which is a problem that has been hounding Twitter for years (and has been increasingly salient in the past year). But the second, which is more likely to be the bump for the stock, is an upgraded rating for the stock from a big Wall Street Firm. JP Morgan issued a note that showed some positive sentiment for the company, which as it has struggled on Wall Street is something it likely sorely needed.

Twitters stock jumped nearly 10% this morningadding a few billion dollars to its market cap and actually bringing it closer in line to Snaps own market cap. Thats put it within striking distance of Snap, a similarly vulnerable social (or communications) network, which has also faced significant issues selling itself to Wall Street with limited user growth. Heres a look at what happened:

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