Twitter Inc (NYSE:TWTR) has surely moved fast on Friday and “Fast Money” Traders had the stock in their list of favorite stocks that day. The other stocks that were on the list were The Blackstone Group L.P. (NYSE:BX) and E-House (China) Holdings Limited (ADR) (NYSE:EJ).
Now coming to Twitter Inc (NYSE:TWTR), the market was bullish on it for a reason in the second half of Friday. Steve Grasso was on CNBC “Fast Money” and he was bullish on the stock. He said that MAUs (Monthly Active Users) should not be taken as a consideration for twitter’s growth. He said that the managerial changes should not be looked as a major issue with the company.
“If you look at, everyone who gets their news, their newsfeeds are scrolling everywhere from Twitter” Grasso said how Twitter Inc (NYSE:TWTR) reach many more people and not just the monthly active users.
He also discussed about the acquisition of MoPub and how that would help Twitter Inc (NYSE:TWTR) many more people across the globe. So he said that one should not look at the timeslines of the users but who actually watches all the news feeds. The company would unveil new user metrics to show the actual reach of the tweets.
“They are just getting used to the eyeballs the same way that Facebook got used to the eyeballs on their stock.” Grasso stated explaining how Twitter Inc (NYSE:TWTR) is getting adjusted in the social environment.
So that says that he is bullish on the stock and he believes that Twitter Inc (NYSE:TWTR) should be paid for all the clicks people make on the news feeds they see outside the social media platform which are usually linked to it.