Cramer: Twitter, Google Deal Is 'Gigantic,' The 'Holy Grail'
Social media stalwart Twitter Inc (NYSE: TWTR) surprised the Street when right before it is to declare its fourth-quarter results, it was announced that it has signed a deal with search giant Google Inc (NASDAQ: GOOGL)(NASDAQ: GOOG), which will allow the tweets from users become visible on Google searches as soon as they are posted.
CNBC's Jim Cramer recently weighed in on the deal.
“I thought that the timing was interesting,” Cramer said. “It almost made me feel like -- wait a second -- maybe the quarter is not going to be that good. But you know what? This is gigantic.”
Cramer continued, “I was talking about this over the staff this morning at The Street, who also work for Mad Money. I said, 'Wow. Wow! You mean, like really?'”
The 'Holy Grail'
He continued, “This is kind of what the Holy Grail; this is what I wanted. It’s like I look up something in Google and I immediate want to follow it and I just hit. Now, people say that was kind of there already.”
How Is This Different?
When reminded that Google and Twitter earlier had a similar deal that the former CFO or COO of Twitter led expire, Cramer remarked, “But this blows away that whole, you don't have to worry about monthly average users. It takes that narrative away.”
“I think it’s very positive. Look, if monthly average users are to start going up and this does it, then, hey, [...] that’s all it takes.”
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