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Twitter CEO Takes Some Responsibility for Stop the Steal Spread
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Square to buy Jay-Z s music service Tidal, appoint him to board
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Square to pay $297 million for majority stake in rapper Jay Z s Tidal | WSAU News/Talk 550 AM · 99 9 FM
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Twitter Inc. shares have surged more than 40 percent this month and even briefly touched an all-time high on optimism that the social-media platform may finally be getting its business strategy straight with new ventures designed to help it branch out and bring in different types of revenue. On Thursday, investors will hear more about these efforts from Chief Executive Officer Jack Dorsey at the company’s analyst day.
As rosy as Dorsey’s presentation is likely to be, it’s important to remember that Twitter has a poor track record at expanding into new areas. With the stock trading where it is, investors may want to ask themselves, is it really different this time? And does Twitter deserve the benefit of the doubt? They may see something to cheer but, at least for now, I don’t.
Feb 26, 2021
Twitter shares have surged more than 40% this month and even briefly touched an all-time high on optimism that the social-media platform may finally be getting its business strategy straight with new ventures designed to help it branch out and bring in different types of revenue. On Thursday, investors will hear more about these efforts from Chief Executive Officer Jack Dorsey at the company’s analyst day.
As rosy as Dorsey’s presentation is likely to be, it’s important to remember that Twitter has a poor track record at expanding into new areas. With the stock trading where it is, investors may want to ask themselves, is it really different this time? And does Twitter deserve the benefit of the doubt? They may see something to cheer but, at least for now, I don’t.