Hold Twitter (TWTR) Stock With Elon Musk Uncertainty

Twitter (TWTR) missed revenue expectations and posted a non-GAAP second quarter loss as management blamed weak top-line results on advertising industry headwinds and the uncertain Elon Musk situation. "I think Musk plans to move with the Twitter (TWTR) deal, but he said that the offer is pending a receipt of proceeds of debt financing. Over the past few years, Twitter has been focusing on website health by eliminating bots and toxic users. However, Elon Musk has wanted to make it into a free speech forum," says Jim Kelleher.