Twitter Inc. (NYSE:TWTR), Facebook Inc. (NASDAQ:FB) And A New Competitor VivaRonaldo.com
Twitter Inc. (NYSE:TWTR)’s stock continued the uptrend with more than 6.6% gains on Friday, hitting a fresh life time high of $59.41 before closing at $59. The Friday’s closing represents close to 127% gains from its issue price of $26. If we compare this to social media giant Facebook Inc. (NASDAQ:FB) it has a life high of $54.83 and Friday’s closing of $53.32 which represents approximately 40.3% gains from its listing price of $38.
Now the continuous uptrend in Twitter Inc. (NYSE:TWTR)’s stock price is certainly overwhelming as the rise is on the anticipation of its future potential and not particularly based on actual earnings. While the micro-blogger is yet to report profit, there seem to be no end of ever increasing competition in the social media segment.
Cristiano Ronaldo’s Social Network
The Portuguese football superstar Cristiano Ronaldo has more than 23.29 million followers on Twitter Inc. (NYSE:TWTR)’s micro-blogging network and about 67.31 million followers on Facebook Inc. (NASDAQ:FB)’s official page of Cristiano Ronaldo. However, Ronaldo seems to be looking for the X factor to allow his followers worship him in an all exclusive social portal – VivaRonaldo.com. Ronaldo’s very own online social portal would allow his followers to share photos and videos as well as an access to exclusive content and even an opportunity to play with Cristiano Ronaldo.
Abusive Behavior Policy Reinstated
Twitter Inc. (NYSE:TWTR)’s recent change in the abusive behavior policy is popularly alleged to favor harassers giving them the undercover while punishing the users or victims of abuse. Many also expressed that the recent change ultimately empowers perpetrators of online abuse. In response to mounting pressure, the company was forced to restore the policy change.
While Dick Costolo, Twitter Inc. (NYSE:TWTR)’s CEO earlier defended that changes were made in response to mounting requests for the same, later Michael Sippey, Vice President of Product wrote in a blog post, “We have decided to revert the change after receiving feedback from many users – we never want to introduce features at the cost of users feeling less safe.”