Twitter might be acquired within the next year, says one top analyst, but it must turn its product around first.
“This is about a better product that advertisers feel more comfortable buying, with more brand-safe video inventory, that Matt Derella and team are selling,” Rich Greenfield, analyst and managing editor at BTIG, told Cheddar, referring to the company’s VP of revenue. “This is set up to work very well in 2018.”
Twitter’s stock has risen about 37 percent in the last year, but news that COO Anthony Noto resigned his post sent shares down more than two percent on Tuesday.
Still Greenfield says that CEO Jack Dorsey will be able to propel growth at the company. He dismissed concerns that Dorsey, also CEO of Square, may be distracted by his other obligations.
“Jack is still very much invested, and very much a believer,” he said. “I think he has benefited from Noto’s ability to help focus the company on the core Twitter product and get rid of some of the distractions that were problematic for the company 18 months ago, two years ago.”
Noto, a former Goldman Sachs investment banker who joined Twitter as its financial chief in 2014, took over the COO role in November 2016. He will take over as CEO at digital lender SoFi in March.
For full interview [click here](https://cheddar.com/videos/what-anthony-noto-out-at-twitter-means-for-company).
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
