Shares of Twitter Inc. rallied 1.9% in afternoon trade, putting them on track for a fifth straight gain to the highest level in over 13 months. The stock has now run up 30.0% since the social media company reported better-than-expected third-quarter results before the Oct. 26 open, and has rocketed 34.2% over the past three months, despite concerns over the potential impact of the FCC’s plan to reverse “net neutrality” protective regulations. It is headed toward the highest close since Oct. 5, 2016. In comparison, the Global X Social Media ETF has rallied 14.1% over the past three months toward a record close Wednesday, while the S&P 500 has gained 5.9%.
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