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MKM downgrades Twitter after huge pop on Musk stake, warns user growth still an issue

Published Tue, Apr 5 20227:09 AM EDT

Sarah Min @_sarahmin

The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California.

Mike Blake | Reuters

MKM Partners downgraded Twitter shares on Tuesday, a day after they soared 27% on news of Elon Musk's purchase of a 9.2% equity stake.

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