Twitter pops after Steve Ballmer calls it 'a very good asset' (TWTR)

pulse

July 14, 2017 7:58 PM

"Improving the products some and improving and making the monetization better, I think the company has been on top of both of those things," Steve Ballmer said.

Steve Ballmer, former CEO of Microsoft, endorsed Twitter in a televised interview.

Twitter has been on a tear recently.

Over the last week, shares of Twitter are up 9.41%. On Friday, the stock saw a 2.23% bump after Steve Ballmer, former CEO of Microsoft, went to bat for the company.

"Twitter is a very good asset," Ballmer told CNBC. "I

The company also recently hired a new CFO from financial software firm Intuit.

Ballmer says that these fixes are signs of positive momentum at Twitter. He told CNBC the company will have to keep up the pace of changes in order to make a lasting impact.

Twitter is still trading below its IPO price of $26 per share, but is up 20.47% this year and trading at $19.79.

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