Press Release: Morris Group : Joseph Grinkorn: Twi

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Press Release: Morris Group : Joseph Grinkorn: Twi

United States
New York, NY -- (SBWIRE) -- 12/01/2015 -- Joseph Grinkorn, the CEO of Morris Group and an expert in social media investments on Wall Street recommends a strong "buy" on Twitter's stock. According to Grinkorn, the company's shares has an upside potential of 50% and could reach a target price of more than $37.50 per share. Grinkorn explains that the return of co-founder Jack Dorsey to Twitter as CEO has set in motion a reorganization process which would bring positive outcomes. Grinkorn mentioned that one of the reasons that Twitter's stock has overly suffered was from China's market meltdown. After dropping from a price of $36.54 per share to $24.38 per share in late August, the company's stock price has slightly recovered and is now selling for the attractive price of about $25 a share. Speaking in terms of value, Twitter's current worth is about $17.2 billion as opposed to the $50 billion when the stock peaked at $73.Grinkorn explains that Twitter's main advantage is the amount of involvement and activity of its users. 350,000 users Tweets in every given minute, and in one day alone, half a billion twits are being sent on Twitter, amounting to a total of 200 billion twits a year. These numbers reflect on Twitter's potential ability to attract and reach new users and advertisers.Today, Twitter is the only social media platform that allows the reaching and following of all famous celebrities in real time. From Justin Bieber to Barack Obama, very popular users on Twitter have tens of millions of followers. Twitter is a primary means of communication, serving athletes, billionaires and politicians voicing their opinion in a variety of subjects in real time.Grinkorn has also noted that CEO Jack Dorsey has unprecedentedly given $200 million of his own shares to his workers, aiming at raising Twitter's appeal in the job market. The announced goal is to march Twitter towards its past peak of $70 per share.Grinkorn further explains that Twitter has made acquisitions of more than 42 companies amounting to billions of dollars of worth. Most of these companies aren't synergetic with the company's current business. For more information click the link. Source : https://www.owler.com/reports/morris-group/press-release--morris-group---joseph-grinkorn
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Published: Jan 25th 2021
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