Twitter Inc. (NYSE:TWTR) lays out its roadmap for 2024
Twitter (NYSE:TWTR) answered the chuckles and muffled comments against it by posting a forecast which explains how by 2024 Twitter (NYSE:TWTR) will become the largest revenue generating and most dominant social media network in the world. On its first analyst day, Twitter (NYSE:TWTR) claimed that it is in talks with big companies that’ll help Twitter (NYSE:TWTR) expand its grip of advertising. Twitter (NYSE:TWTR) shares closed at 42.54 dollars, 7.5 per cent higher than the previous number, and crossed 43 dollars in the afterhours trading.
Twitter (NYSE:TWTR) has reconstructed its management team and is adamant on answering the critics which have doubted Twitter (NYSE:TWTR)’s ability to grow on a much larger scale in the future. The new CFO of the company claims that Twitter (NYSE:TWTR) is making formidable plans to rule the social media market in the coming years. Not only is Twitter (NYSE:TWTR) serious about its goal, it is also hell-bent on sending a message to all the ‘non believers’ rooting against it.
He also said Twitter (NYSE:TWTR) might reach 14 billion dollar sales in the decade to come. Ironically only recently analysts claimed that Twitter (NYSE:TWTR) will barely reach 1.4 billion dollars in the next ten years. He further stated that Twitter (NYSE:TWTR) is capable enough to make 11 billion in the next 5-8 years. Long range forecast could also be a strategy on Twitter (NYSE:TWTR)’s part. There are many dubious investors in the market which are reluctant to invest in Twitter (NYSE:TWTR) because of its slow growth in the recent quarters.
The long range forecast will certainly give them an impression that Twitter (NYSE:TWTR) is indeed planning for the future rather than being content with whatever it is making currently. Twitter (NYSE:TWTR) claimed that it can make up long term margins of 40 to 45 percent, which are higher than the 35-40 percent it forecasted an year ago. Twitter (NYSE:TWTR)’s stock hasn’t performed well this year, dwindling down by 33 per cent.
Twitter (NYSE:TWTR) is in talks with companies and partners about sharing revenue for promoted tweets on their websites, apps, blogs etc. Twitter (NYSE:TWTR) will be making major changes to the whole layout for its website. Twitter (NYSE:TWTR) is integrating Youtube and Whatsapp with its website as well. Also users will be able to edit their interface to make it more personal; location based services will also improve.
Twitter (NYSE:TWTR) is currently trying to engage developers, through acquisitions and other tactics so that they may develop a mobile platform capable of tussling large companies like Google and Apple. It can’t be said for sure whether Twitter (NYSE:TWTR)’s idea to show a long term plan was intelligent but it sure has set the internet buzzing. Investors are likely to line up, considering the fact that Twitter (NYSE:TWTR) now has a certain road map and a destination for the future.
As far as execution of the plans is concerned, we might say Twitter (NYSE:TWTR) got a bit carried away.