Twitter Shares: Rose Soon After The Deal With Bloomberg For Live Broadcasting

Twitter has partnered with Bloomberg for live broadcasting; this is helping in Twitter’s overall growth

Twitter has reported last week strong growth in the market over the past year, CEO of Twitter Jack Dorsey said, technical changes in Twitter lead to change in growth.

However, Twitter’s user growth was stagnant during the past few quarters, inducing the company to take strategic steps to attract subscribers and advertisers simultaneously.

Richard Greenfield from BTIG commented on Twitter’s performance and said, “Twitter is steadily changing its narrative, with this new narrative, advertisers will rely more on the platform.

Twitter also got a setback last month when Twitter was unable to close the deal with NFL games and Amazon successfully grabbed that opportunity.

How Twitter is going to fill the gap in Social and Video content is the big question mark, on the other hand Twitter’s main concern is to increase revenues by advertising. Twitter and Bloomberg were not available for immediate comment, when asked.

CEO Dorsey snapped up around 0.5 million of the company’s shares for about $9.5 million, according to a filing on Friday.

Adding Monday’s gains, Twitter’s shares are now up 6.8 percent so far this year. The stock had lost about 30 percent of its value in 2016.

It seems Twitter’s stocks would continue to grow for the first few months of video broadcasting.

Must Read: Twitter partners with Bloomberg for live video content