Twitter (TWTR) Sees Growing Faster than IDC Forecast Rate; Doesn't Plan on Music-Streaming Service
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Twitter is holdings its first Analyst Day today. In part, the company made the following points:
- The company plans to debut an 'instant timeline' feature
- The company will explore additional apps beyond Vine
- Sees growing at or faster than the IDC forecast rate
- CEO Dick Costolo said more than 500 million unique, logged-out users visit each month
- The company aims to have the 'largest daily audience' in the world
- Twitter's competitive advantage includes 'unique' content
- The company is now measuring impressions from syndication partners
- The company isn't interested in a music-streaming service. (Traders should keep an eye on Pandora (NYSE: P))
- Twitter's scope to meet the goal of having the largest daily audience in the world includes 'great content' distribution and an advertising syndication platform
- The company believes it has about 185 billion unique impressions per quarter
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