Speaking to Benzinga, Tigress Financial Partners Chief Investment Officer Ivan Feinseth said that a combination of Twitter Inc TWTR and Yahoo! Inc. YHOO does not make said.
“I don’t know if Yahoo bought them that they would be getting a whole lot to what they don’t have or could not develop on their own to have a competitor,” he said.
Feinseth said that the premium market price for the $23 billion Twitter is much more than the couple billion dollars Yahoo would have to spend to develop something that competes with Twitter.
He thinks that Yahoo has a stronger brand that Twitter, and that an acquisition of the social media site would not help the company.
For context, Feinseth said he doesn’t see any value in Twitter.
“I think that Twitter will be at some point overtaken by the fact that you can reach people from Facebook,” he said. “You can accomplish what you can do with Twitter better on Facebook.”
Twitter ended today’s trading session more than 6 percent higher, while Yahoo closed about 0.16 percent up.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
