Twitter Inc. (NYSE:TWTR)’s woes on the social media space continue in the wake of Instagram announcing it had reached a milestone of 300 million in active monthly users. CNBC contributor, Herb Greenberg, believes it’s unfair to compare Twitter to Facebook Inc. (NASDAQ:FB) in the wake of people calling for the resignation of CEO, Dick Costolo.
Greenberg argues it is wrong to expect Twitter Inc. (NYSE:TWTR) to do exactly what Facebook has been doing over the years as one of the ways of pursuing future success.
“I think the street looks at this and compares it to Facebook always. That’s what they doing, they say that’s the peer, and I look at this and say they are social media they are really two different social platforms,” said Mr. Greenberg.
CNBC’s Joshua Brown who has been long on the stock since its IPO accepts the stock has been an underperformer for the better part of the year but believes on the company’s long-term prospects. Twitter Inc. (NYSE:TWTR) continues to face the wrath of Wall Street in the wake of Instagram CEO reiterating that photo and video sharing platform continues to grow its user base aggressively.
Facebook might be making a slower progress on the social media space than Twitter Inc. (NYSE:TWTR) but has been growing its sign ups much faster than the latter. The acquisition of Instagram has even gone to increase its user base which it can use for marketing campaigns.
Twitter Inc. (NYSE:TWTR)’s social platform has turned out to be a hard nut for people to crack with new users most of the time complaining they are not able to navigate through the platform with ease. Twitter Inc. (NYSE:TWTR) reportedly has a huge base of users who only log into their accounts to read other people’s content without tweeting or doing anything else.
“I think that Dick Costolo has a tough job it is easy to money quarterback this guy who has a platform that did not exist before, and he is going in whatever direction. […] As I have said all along this company should be part of something else, it should never have gone public,” said Mr. Greenberg.
Brown, on the other hand, believes Google Inc. (NASDAQ:GOOG) may opt to buy Twitter in the near future, on the realization that Google Plus has no future.
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