In its quest for chasing markets with growth, Twitter Inc (NYSE:TWTR) is expected to open its offices in Indonesia in the next 3 to 6 months. Twitter Inc (NYSE:TWTR) has revealed that it has 270 million monthly active users, out of which 75% are based outside the United States. Ever since its IPO, the company has been facing pressure from analysts for effective monetization of its user base, opening in major locations across the world can be seen as a sign of the company paying heed to that advice. Ramy Inocencio and WSJ’s Singapore reporter Newley Purnell discussed Twitter Inc (NYSE:TWTR)’s plans for Indonesia in a video on Wall Street Journal.
“Twitter Inc (NYSE:TWTR) says it will open an office in Indonesia in next 3 to 6 months. The social messaging platform with the little blue bird says that it has more than 271 million monthly active users and many of those are in the world’s most populous Muslim nation,” Inocencio said.
Purnell mentioned that an important reason for Twitter Inc (NYSE:TWTR)’s interest in Indonesia is the country’s demographics. Almost half of Indonesia’s 240 million people are less than 30 years old, which makes its population relatively younger and the young people are known to be more social media friendly. Another reason that Purnell mentioned for Twitter Inc (NYSE:TWTR)’s interest in Indonesia is that it sees a lot of growth in the country. Although the figures for Twitter users in Indonesia is not known, the country’s internet penetration is about 30%, which Twitter Inc (NYSE:TWTR) expects will see tremendous growth in the near future.
According to Purnell, the decreasing prices of smartphones is also a major reason why many tech companies are bullish on Indonesia. The tech companies believe that smartphones now being available from as much as $100, it will become affordable for a larger number of people, who, they believe, will use it to access their services.
As of June 30, 2014, John Thaler‘s JAT Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR) .
Disclosure: None
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