Kevin O'Leary: 'Poo-Poo Happens, And It's Not Happening For Twitter'
Twitter Inc (NYSE: TWTR) has seen its stock surge over 30 percent over the past month, as many investors continue to speculate it is merely a matter of when, not if, the company will be acquired.
Speaking as a guest during CNBC's "Halftime Report" segment on Tuesday, Kevin O'Leary suggested that Twitter "doesn't have a future." He added that there is, however, the possibility that a company would be glad to pay a premium to acquire Twitter and just use its assets as a news feed.
"Look at Pokémon GO," O'Leary said. "It has more users — and what is it?  days old? Poo-poo happens, and it's not happening for Twitter."
O'Leary also noted that many Millennials who work for his companies simply don't use Twitter's platform. The only individuals who make use of Twitter's platform are those involved in news gathering and reporting.
Bottom line, Twitter and its platform simply isn't a "magnet" for the younger generation and as a stand-alone company it has "gone nowhere."
Shares of Twitter were trading lower by nearly 2 percent at $18.29 Tuesday afternoon.
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