Under Jack Dorsey, Twitter’s data business has gotten stronger as he pitches his company’s global, real-time services.
Source: Twitter Data Business Is Growing As Jack Dorsey Courts Developers
I have to admit, I hadn’t given Twitter much thought even though there was significant insider buying, notably Chairman Omid Kordestani increased his holdings 30.6% with his purchase in February of 122,250 shares at $16.34.
The reason I dissed the buying was that even though CFO Noto was a buyer too, there were plenty of owners cashing out. It was the Business Week interview with founder and newly named CEO, Jack Dorsey, that gave me a renewed interest in Twitter.
Dorsey is a visionary and like Steve Jobs, he is the CEO of two startups making a difference, Twitter and Square. And like Elon Musk just so graphically demonstrated, betting on visionaries can have huge optionality. Who would have ever predicted the tsunami of sales for the Model 3 Tesla? Not even Musk. Don’t know if Twitter and live video will be the wave Dorsey envisions riding, but I do know that Twitter is indispensable in the world of breaking news. At its current valuation of around $11 Billion, you might be getting huge optionality in case he is right.