Twitter: Blue To The Rescue
- Twitter finally launched the Blue subscription service in the U.S.
- The company is building a suite of subscription services that now include Super Followers and Ticketed Spaces.
- The stock is cheap with subscription services leading to the company beating 2023 revenue targets of $7.5 billion.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
While Twitter (TWTR) investors are probably blue over the recent stock action, the full launch of the Twitter Blue service is a big step forward for the business. The social media player moving beyond a digital ad business into subscriptions provides a substantial boost to the market valuation. My investment thesis remains very bullish on the stock after this dip back to the low $50s.
Read the full article on Seeking Alpha.
Disclosure: Long TWTR. Please review the disclaimer page for more details.
Update - Nov. 22
Appears Twitter is headed to $45 despite all of the positive signs on subscriptions.