shares were up nearly 9% in a flat market as reports, sparked by a job posting, circulated that the social media platform, is contemplating some type of subscription platform.“We are a new team codenamed Gryphon. We are building a subscription platform, one that can be reused by other teams in the future. This is a first for Twitter!” the post said. “Gryphon is a team of web engineers who are closely collaborating with the Payments team and the Twitter.com team.
Facebook was up about 1%. A highly-anticipated civil rights audit called out the company’s lack of progress in civil rights as it faces an ongoing advertising boycott and flack by activists. The noice around Facebook’s content curation policies haven’t hurt the stock much but it’s possible that Twitter and Snap are benefititing today.