Wood said she’d still “love” to up her stake in Twitter even amid declining ad revenues and continued debt issues at the company.
she’d “love” to buy more equity in Twitter but can’t find a seller, a fact which she proclaims “tells you something” about Twitter’s prospects.
Wood pointed to increased competition from Meta as a possible tailwind for Twitter, explaining she believes Twitter and Meta’s upstart rival Threads “can coexist” and the new text app “lit the competitive fire” at Twitter. The St. Petersburg-based stock-picker also says she believes Musk and his Twitter underlings are “very serious” about turning X into an “everything app;” Musk has
his dream to transform his slumping social media company into the “biggest financial institution in the world.”roughly 1.1 million shares of Twitter across its various ETFs before Musk disclosed his stake and purchase agreement in the company, still owns an undisclosed stake in the company in its venture capital fund.
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