In a program on CNBC, Scott Kessler from S&P Capital IQ talked about how Facebook Inc (FB) and Twitter Inc (NYSE:TWTR) are paving the way for investors to take up massively productive endeavors in the social media domain. Apple has flabbergasted everyone by its quarterly report and currently leading the phone industry. When it comes to the social media world, Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR) seems to be the only heavyweights, Facebook Inc (NASDAQ:FB) clearly leading. Kessler said that Facebook Inc (NASDAQ:FB) and Twitter are spending heavily to expand their canvas as there seems to be no end of opportunities in social media industry.
Surprisingly, Kessler is bullish on Twitter Inc (NYSE:TWTR). He thinks that Twitter Inc (NYSE:TWTR) is under pressure because investors are going desperate for monetization. Facebook Inc (NASDAQ:FB) is generating billions by its efforts. Twitter Inc (NYSE:TWTR) is not showing quick results. Investors are demanding something innovative from the Twitter management.
Strong position of the US dollar seems to be the decisive factor in the revenues, according to Kessler. He said that Facebook Inc (NASDAQ:FB) has business outside the US, in Europe and Canada. A strong dollar always hurts revenue for such a company. Twitter Inc (NYSE:TWTR) will not be affected by this dollar position because of its limited business.
Kessler said that Twitter Inc (NYSE:TWTR)’s revenue will go up. He thinks that investors must not pressurize Twitter and wait for the results and efforts. Twitter Inc (NYSE:TWTR) has introduced some new features to capture users and tackle Facebook Inc (NASDAQ:FB).
David Tepper’s Appaloosa Management Lp owns around 600,000 Google Inc (NASDAQ:GOOGL) shares.
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