Axiom's Anthony: Twitter Just Had Two Positive News Items

The market favored Twitter Inc (NYSE: TWTR)'s actions to loosen its 140-character limit in addition to adding Debra Lee to the board. Twitter shares climbed more than 2 percent before falling back to close with a 0.35 percent gain by Tuesday's close.

Axiom’s Anthony stated on CNBC that Debra Lee’s appointment “brings experience and connections in advertising and TV, which should be helpful to Twitter."

Related Link: Twitter Is About To Make 140 Characters A Lot Easier

Additionally, Twitter’s new policy, "allowing users to add photos, videos, and links to tweets without counting them against the 140-character limit… would have immediate impact on improving the user experience." This would increase user retention and help with user engagement noted the analyst.

Shares of Twitter closed at $14.34.