Twitter shares climbed 3.4% to $18.16 Tuesday following Cuban's interview with CNBC. "I started buying Twitter recently because I think they finally got their act together with artificial intelligence," Cuban said.
Yesterday, Twitter announced that it reached a deal with Bloomberg for a streaming 24-hour news network. Bloomberg will create content specifically for Twitter as part of the deal. The partnership will reportedly begin this fall.
Twitter jumped late last week as well, following a promising quarter of earnings.
Despite concerns about its user growth and profitability, the stock is trading up nearly 10% in the past year and is also trading up slightly year-to-date. Now that Twitter has posted its first encouraging financial results in some time, it begs the question, will Twitter become a possible takeover target again?
The company had been listed as a possible acquisition target for the likes of Disney (DIS) - Get Walt Disney Company Report , Salesforce (CRM) - Get salesforce.com, inc. Report and even Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report Google and Apple (AAPL) - Get Apple Inc. (AAPL) Report .
Apple, which is a holding of the Action Alerts PLUS portfolio co-managed by Jim Cramer, is scheduled to report its second fiscal 2017 results after the close. Find out what Cramer and his columnists are watching from the Cupertino, Calif. with a free trial subscription to Real Money.
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