The surprising thing to note here is how much optimism the street has in $twtr. Just one quarter of small beat and the stock jumped 100%. After the drop today (to $34) it's still too high for $twtr which hasn't actually proved anything since the stock was high teens low 20s. If anything, their live streaming effort is pretty much down the drain, and Anthony Noto, who's pretty much the heart and soul of Twitter operation, left. I'm super surprised the stock is still mid 30s.