Twitter Inc TWTR could be working on a dedicated tab for podcasts, according to a screenshot posted on the microblogging site by security researcher Jane Manchun Wong.
What Happened: Wong's tweet features a screenshot of a microphone icon on Twitter’s bottom menu bar, which appears to lead to a page titled “Podcasts,” as first reported by The Verge on Wednesday.
See Also: How To Buy Twitter (TWTR) Shares
Why It Matters: Last year, Jack Dorsey-founded Twitter launched “Spaces,” a live audio conversations feature, to a wider audience following a small pilot test in December. It came amid a pandemic-fueled boom in audio social apps such as Clubhouse and Discord. In January, Twitter acquired Breaker, a popular podcast app.
It was not immediately clear how podcasts would appear on Twitter or if it will incorporate Spaces. Currently, audio sessions recorded on Spaces are available for 30 days.
Spotify Technology SA SPOT and Apple Inc. AAPL are currently lead players in the podcasting space.
Price Action: On Wednesday, Twitter shares closed 2.6% lower at $34.62 in the regular session and fell 0.4% in extended trading.
© 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.
