Dan Nathan: Google Should Buy Twitter
Speaking on CNBC's Fast Money, Dan Nathan said that his trade for 2015 is Twitter Inc (NYSE: TWTR). He sees the company as a "unique social media property and possibly a messaging application" and he thinks that there is a lot of value that has not been appreciated by the current market price.
Nathan believes that Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) should takeover Twitter because it doesn't have a social media strategy at the moment. Google has $60 billion cash and this acquisition would fit great for the company, added Nathan.
Melissa Lee commented that a possible departure of the CEO and some kind of activist interest could also be catalysts for a move higher, while Seymour added that a possible downside for the stock is the fact that the company doesn't grow fast enough.
Steve Grasso thinks that for Twitter to get to $50, one of the bullish catalysts has to happen. If it drops to $30, he would buy it with both hands.
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Posted-In: CNBC Dan Nathan Melissa Lee Steve Grasso Fast MoneyLong Ideas Media Trading Ideas