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–          The expiration of TWTR’s post-IPO lock up triggered a significant sell-off, taking shares to an all-time trading low of just over $32, off 45% in less than 3 months. This is a serious overreaction. –          TWTR is growing revenues

Quick Thoughts: TWTR – Not Surprised That User Growth Issues Haven’t Been Resolved … YET –          TWTR’s strong ad sales and surprise pro forma profit were overshadowed by the relative lack in growth of active users, continuing a trend established

–          For years, investors have allowed AMZN to invest potential profits into new product development, new geographies, infrastructure deployment, and now content acquisition. –          This freedom has been an enormous competitive advantage, enabling AMZN’s relentless innovation and expansion in areas

–          AMZN beat on the top line with 23%+ sales growth, with in line EPS muted by increased technology and content expenses. Investors were spooked by guidance for a 2Q loss. –          As usual, AMZN divulged little detail, but Bezos

–          AAPL’s 4.6% YoY sales growth came as a shock, as Chinese demand for the iPhone blew past even the most optimistic forecasts, and drove an unexpected GM pop to 39.3%. –          FB delivered 71% sales growth to crush consensus

–          NFLX beat on EPS ($0.86 vs. $0.81 consensus) and new subs (4M net adds vs. 3.85M guidance), as its original content strategy is beating on-line and traditional rivals alike. –          With the rapid expansion NFLX subs and streaming hours,

–          While GOOG’s 1Q14 miss is disappointing, it is not particularly unusual in its history of focusing on the long term. To that end, 19% sales growth is a healthy indicator for the future. –          Network ad sales grew just

–          AMZN’s $99 Fire TV is quite differentiated vs. rivals at similar price points (AAPL TV, Roku, etc), slotting in between the bare bones $35 GOOG Chromecast and $400+ Xbox One and PS4. –          Fire TV is well designed to