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Is Twitter The Best Way To Invest In Wearables?

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Is Twitter The Best Way To Invest In Wearables?

Forget GoPro Inc (NASDAQ: GPRO) and Digital Ally, Inc. (NASDAQ: DGLY), the future of wearables could be Periscope, Twitter Inc's (NYSE: TWTR) live streaming app.

"Twitter's Periscope is the future of streaming as we know it unless something unbelievably innovative comes out for streaming your reality lives using wearables," Cody Willard, chairman of Scutify (a financial social network), told Benzinga. "Periscope will dominate. Periscope is the YouTube of the streaming reality life."

Willard expects cameras to be on tennis players during Wimbledon, on NFL quarterbacks and on Kim Kardashian during red carpet events. "You'll get to see their lives from their perspective," said Willard. "The people that can't get enough of Us Magazine and reality TV will eat it up. That's just the celebrity part."

There are other industries that will also utilize the wearable revolution.

"Porn always tries this type of technology, too," said Willard. "And then friends, adventurists, explorers [and] pilots -- you name it. Who doesn't want to see the life from someone else's perspective? There will be people that do it in every profession and people that follow it and people that love it and there will be TV shows built around it. It's Periscope's game to lose for now."

Willard recently detailed his full thesis in an article on Trading With Cody.

Related Link: Digital Ally Investors Are 'Buying A Lottery Ticket'

Changing The Trajectory

Willard said that when Periscope launched and allowed users to stream their daily lives to other people, "it changed the trajectory of Twitter's entire company five years out from now."

"The potential for that is enormous," Willard added. He said that Meerkat, the other streaming video app (which received a ton of hype but was heavily overshadowed by Periscope), shouldn't be counted out just yet.

"It's well-capitalized now," said Willard. "I wouldn't count out Meerkat entirely because this market is going to be big. There will be other streaming video companies out there. But Twitter's ability to leverage its 300 million, 400 million-plus existing users, not to mention its tens of millions of Vine [users]. Twitter's got synergy amongst its apps that Meerkat obviously doesn't. Even if I could invest in Meerkat today, I would still rather buy Twitter."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Posted-In: Cody Willard digital ally GoPro MeerkatAnalyst Color Top Stories Exclusives Tech Best of Benzinga

 

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