Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News


These two social networks could steal market share from Twitter

Twitter Inc (NYSE: TWTR) is in focus on Wednesday after Elon Musk revived his $44 billion takeover deal with the social network.

Twitter will likely return to the stock exchange

If he follows through, Twitter could become a private company in the coming weeks. But Rohit Kulkarni – Head of MKM Ventures says the microblogging platform is “too large to stay private”.

Regardless of whether it’s private or public, there would be public scrutiny, in my opinion. So, Twitter is better off restructured in the private market and come back as a public company with healthier fundamentals.

Despite challenges, Twitter continues to grow its monetizable daily active users that were up 15% year-on-year in its latest reported quarter. (read more)

Twitter shares are now catching up with the deal price.

Pinterest and Snap could steal share from Twitter

Among the changes that Musk is expected to execute at Twitter, turning it into a subscription service is one.

Then of course, there’s the matter of finding a new management team. While it goes through that restructuring, Kulkarni said on CNBC’s “Squawk on the Street”, rivals could win “some” share from Twitter.

In the near-term, there could be more market share shift away from Twitter into smaller, other social media apps as Twitter figures out its core business and advertisers [look for other ways] to allocate their dollars on an incremental basis.

Two names in particular that are most likely to win that share, he added, are Pinterest Inc (NYSE: PINS) and Snap Inc (NYSE: SNAP).

The post These two social networks could steal market share from Twitter appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...


    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023