Twitter stock (NASDAQ TWTR) got a terrific boost this past week, when the micro blogging site launched its new app named Periscope. The stock has since reacted very positively, crossing the $50 mark with ease. The new app was launched on Friday. The new Periscope app helps users stream live content from across social media. This new app should be a great help for the users and make the site much better as well.
Here in this article, we will take a look at this new app which Twitter is so efficiently using. The new app seems to have some true potential. We will also look at the performance of Twitter in the past few months, and what might lie ahead for Twitter.
Twitter bought Periscope for $100 Million earlier this year in a move which many did not even notice. Twitter hoped to tap into the live streaming market, which is surely gaining some ground. Users have started using Streaming increasingly on their smart devices, especially smart phones.
News on Twitter (NASDAQ TWTR)
Twitter (NASDAQ TWTR) has actually gained a lot in the recent weeks. Most Analysts have put the stock on Hold. The stock presented with an unexpectedly good Q4 performance, which saw the stock better almost 99% year on year. This good performance shows that Twitter is still a force to be reckoned with.
Twitter (NASDAQ TWTR) Business News
Twitter (NASDAQ TWTR) seems to be the stock which performs when people least expect it to. Therefore don’t be surprised if it actually shows up with a good performance this summer.
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