Who Is Twitter Buying Now?
Twitter VP of Product, Revenue, Kevin Weil wrote, "In our conversations with the Namo Media team, it became clear we share a vision for how native advertising can improve the state of mobile app monetization for marketers, app publishers, and users."
The deal with Namo follows last October's acquisition of MoPub and is another step toward Twitter's goal to "create a more seamless and less intrusive ad experience for users."
Related Link: How Will Gnip Help Twitter Grow?
In addition to technology and expertise, a notable asset Namo will bring to the table is its recently added "carousel-style" ad feature, which allows users to cycle through ads with a simple swipe to either side. The ads featured in the carousel format can be optimized so that the ad the user is most likely to interact with appears first.
The addition of Namo signifies Twitter's further attempts to improve its margins on mobile advertising - 78 percent of Twitter's users access the site through a mobile device. Moreover, the company reported that over 75 percent of its ad revenue comes from mobile.
Traders reacted favorably to the news. Shares of Twitter are up 2.8 percent to $33.83 in Thursday's session.
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