NEW YORK (TheStreet) -- Twitter (TWTR) denied rumors that the social media platform would shut down in 2017 and said the allegations were groundless, Reuters reported.
"There is absolutely no truth to the claims whatsoever," a spokesman told Reuters.
Shares of Twitter closed up on Thursday and the stock was flat in pre-market trading on Friday.
(Twitter is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by some concerns, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
Among the areas that are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: TWTR
