From its launch, investment discussions about Twitter have been addressed on both Main Street and Wall Street. Statements made on social media can create discussion and criticism due to the vast dissemination of information through the internet. Thus, the general popularity of statements made on Twitter has been one of the influential reasons why there is a large focus on Twitter by the media.
Analysts for CNN Money have made a twelve-month forecast projection for the 2017 fiscal year for stock of Twitter. These analysts predict that the median price will be $14.25 with a possible high of $25.00, and a low of $10.00. The analysts recommend a hold on stock for the social media company. The current quarter earnings per share are 0.01 per share.
The heavy increase in the use of social media has attracted lawmakers to address concerns about social media usage due to national security related matters, political matters, and consumer matters. Thus, the increased volatility regarding oversight of the industry is likely to be a huge reason why the median price of the stock represents a -$0.35 decrease from the last price of $14.30.
The legal implications of more social media regulation due to an increase in globalization of consumer usage will be a more than likely factor that continues to affect the successes and failures of Twitter.
Young legal professionals and attorneys should be mindful of how they interact on social media for ethical reasons. Character and fitness is a huge component of the bar application process, and the legal profession continues to highly value integrity and responsible professional behavior in the public light. Unfavorable public statements made on platforms such as Twitter can be used against an individual at any time. The world is often unforgiving when it comes to people that have made mistakes on social media. Therefore, it is pertinent that legal professionals exercise care when utilizing a social media account such as Twitter, especially due to its frequent coverage in the media on Main Street and Wall Street.