Social media platform Twitter (TWTR) is slated to report Q2 earnings after the close.
Current Capital IQ Consensus estimates Q2 adj. EPS of -$0.01 (vs $1.58 last year) on revs of $708 mln (-16% Y/Y)
On May 29, the booger eater himself, Ted Cruz wrote letter to DOJ calling for criminal investigation of TWTR for "violations of the International Emergency Economic Powers Act". Trump also said Congress should revoke Section 230, which shields social media companies from liability.
In June, TWTR placed warning label violations on Trump's tweets.
TECHS:
TWTR is up 24% in July.
TWTR has a $29 bln market cap and trades at a forward P/E of 92x vs Facebook (FB 32x)
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