Twitter Stock Rises After “Fleets” Rollout

Twitter launched “Fleets” on Tuesday in what some have called an effort to compete with Snapchat, Instagram and Clubhouse.

Fleets is a feature that allows Twitter users to post full audio, picture or video images “reactions or plain texted that vanishes after 24 hours.” Twitter’s design director Joshua Harris stated that “people feel more comfortable joining conversations on Twitter with this ephemeral format because what they’re saying lives just for a moment instead of feeling like it’s around forever.” An addition that has already proven popular with millennials as they flocked from other social media formats creating twitter accounts and sharing their names with established audiences on the news. Stock rose for the company on Thursday in early trading hours by 23% however the rollout has been momentarily paused to address bugs and safety concerns according to Yahoo. Do you use social media? Are those stocks in your portfolio?

BY: BEWITTY Staff

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