“Apple shares got a boost this week, after Carl Icahn revealed on Twitter that he had initiated “a large position” in the stock. In fact, from Icahn’s Tuesday afternoon tweet to Apple’s close that day, the company gained over $13 billion in market share,” Alex Rosenberg reports for CNBC.
“That’s more than the estimated valuation of Twitter itself, which Greencrest Capital pegs at around $11 billion,” Rosenberg reports. “So given the power and reach of the social network, should Apple just go ahead and buy Twitter? Many have long suggested that they could make beautiful music together.”
“‘Apple hasn’t been able to do anything in social, and what Twitter does is put them in a scenario where they can start disseminating information—because that’s really what Facebook’s business is, and Google’s,’ said Dan Nathan of RiskReversal.com,” Rosenberg reports. “‘It would be a huge departure from Apple’s history, but I think it makes a lot of sense. There’s a lot of things they could do with Twitter,’ said Nathan, a contributor to CNBC’s ‘Options Action.'”
Rosenberg reports, “The problem is that the tech giant may have missed the boat.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]