Jim Cramer’s Change Of Opinion About Twitter Inc (TWTR)’s Dick Costolo

Twitter Inc (NYSE:TWTR) had a see-saw 2014 with share prices going up and down. The share prices went down significantly till May 2014, after which it climbed up till October and post a disappointing quarter earnings report in October, where the company failed to meet the MAU’s target, the share prices nose-dived and dropped significantly towards end of the year. This fall towards end of the year prompted many investors to speak about change in leadership for Twitter Inc (NYSE:TWTR). Dick Costolo has done pretty well so far as CEO of Twitter Inc (NYSE:TWTR). Jim Cramer talked on CNBC about his opinion on Dick Costolo.

Cramer was a strong believer that Dick Costolo might not continue as CEO of Twitter Inc (NYSE:TWTR) in 2015. But he admitted in CNBC’s ‘Squawk On The Street’ that Costolo can stay as CEO of Twitter Inc (NYSE:TWTR) provided the Rob Peck’s comments about monetization turn out to be true.

“[..] I was not longer to suggest that Costolo be booted immediately. I’m done. I have made this resolution that I was going to be much kinder about Costolo and he can stay. Costolo can stay. He is allowed to stay, If Rob Peck is right that they can monetize,” Cramer said.

Cramer pointed at Sun Trust Analyst Rob Peck’s comments about Twitter Inc (NYSE:TWTR) that MAU is going to be pretty good for Twitter in 2015. Cramer mentioned that Peck was right when Twitter Inc (NYSE:TWTR) had its IPO, he was right to sell it when he did and now he will be right in calling a buy for Twitter Inc (NYSE:TWTR).

Cramer also talked about Peck raising his price target for Facebook Inc (NASDAQ:FB), which no one has even noticed. He mentioned that Facebook’s deal with NFL was a jackpot for the company. He added that social media companies like Twitter Inc (NYSE:TWTR) and Facebook Inc (NASDAQ:FB) are going to have a big year.

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