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Tech Thursday: Twitter flies, Uber drives and Superheroes soar

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Twitter remains unprofitable, posting a net loss of 145 million dollars in Q2. The stock on the other hand jumped nearly 30 percent. So, why buy shares in a company that’s losing money? 

Stuart Miles believes that people are waiting for a magical moment when Twitter finds a way to monetize perfectly. Stuart Miles believes that this trend is one of the benchmarks for how people think the internet is working. For a lot of American companies the key measure of a company’s potential is about user base and growth. The belief is that the monetisation and success will come later. Facebook is a good example of a company that didn’t make any money for a long time, but now the firm appears to have cracked a way to monetise mobile use, and recent results show the company making a lot of money and exceeding analyst predictions. Google is yet another example, and Stuart Miles believes the forecast for Twitter looks bright. 

Uber, the firm which has disrupted the taxi market in 42 countries, and counting, is now trying to break into the business account market. The idea is that companies can have a central business account that all employees can use. Stuart Miles believes this shows that the company is continuing to be aggressive. In most of the cities Uber has entered the firm has weathered a lot of criticism because of their low fares compared to established taxi companies.  

Finally, you could call it funny money; billions are being made out of comics. With major studios producing a series of blockbuster super-hero movies, it’s a trend attracting some very grown up investors.