As of Q3 2020, Twitter boasts 187 million active daily users, including big celebrities and politicians wanting to share their thoughts in limited characters. Its shares have skyrocketed, and not everyone can afford it, but one has again bet on the platform.
SRS Investment Management has been relying on Twitter, having first invested in it in 2018. The move reaped the rewards, so in Q3 2020, it decided to increase its stocks to 4.5 million, which makes up for 6.4 percent of the portfolio, a respectable increase from 1.8 percent in the second quarter of the year.
