Twitter Inc (NYSE:TWTR)’s up 4% and that’s not surprising, as the company has found a smooth way to update its core activities. The $31.17 billion social platform is trading at about $50.5 after it has announced that it will be possible to hear sounds posted on the timeline, according to CNBC. Investors see more monetizing strategies emerging from this, while users will be able to enjoy themselves more in the borders of the website.
“Twitter shares are trading higher this morning Peak Capital Partners raising its price target for the stock to $63 and reiterating its buy rating. Recent hears of Twitter introducing Audio Card, which is a way to listen to audio within your Twitter timeline, which means new potential for advertisers,” said Julia Boorstin.
It’s not yet specified what kind of interface the new feature will have, but Twitter Inc (NYSE:TWTR) cannot be that careless to disappoint. Obviously, Facebook Inc (NASDAQ:FB) will not be affected much by the latest upgrade of its competitor, because YouTube videos could have been included in the wall posts by a simple copy-paste action for quite a while. Nevertheless, as after the ‘Buy Now’ follows a new substantial improvement and we can say that Twitter Inc (NYSE:TWTR) is actually showing some progress.
Some conservative users might be displeased with how Twitter Inc (NYSE:TWTR) sees progress, but they could eventually learn to love the social platform anew. Now, we’re just left wondering what the next thing will be, because it’s not that obvious a pattern of updates that the tech giant follows. We could speculate on the fact that soon enough there will be videos on Twitter Inc (NYSE:TWTR)’s platform and probably money transfers will be also possible. However, that doesn’t say much about the company’s intentions with respect to growth and/or rivals.
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