Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • Updates
  • disruptive innovation

Does Twitter’s Spaces launch make it an investment opportunity?

Ask any long-time Twitter (NYSE: TWTR) investor and they will tell you the same thing about the company:

“I wish it would be more innovative!”

Well, it’s finally happening…

This article was originally written by MyWallSt. Read more market-beating insights from the MyWallSt team here.


What is ‘Spaces’?

You’ve probably heard of Clubhouse — an app that allows users to join virtual rooms where they can engage in real-time, audio conversations with others, sometimes celebrities.

Well, Twitter’s new ‘Spaces’ feature is pretty much the same thing. The Jack Dorsey-led company began testing Spaces in November 2020 with a limited number of users, but on Monday, it began rolling the product out globally to iOS and Android Twitter users who have 600 or more followers. Twitter also officially unveiled some of the features it’s preparing to launch, like Ticketed Spaces, scheduling features, reminders, support for co-hosting, accessibility improvements, and more.

There’s a lot going on here, but why is Twitter going through all the trouble? After all, if you look at rival Clubhouse’s monthly downloads in 2021, you’ll see that they’ve dropped off a cliff:

January: 2.4 million

February: 9.6 million

March: 2.7 million

April: 922k

Well, there are few platforms more influential on the world stage than Twitter. Spaces could be the next step in its ambitious goal of growing to 315 million users by the end of 2023, up from the 199 million it has now. It could soon potentially also generate revenue by selling tickets to live Spaces events once that feature goes live. 

This chat room medium is rapidly growing in popularity, as evidenced by similar copycat projects from Facebook and Spotify. But should Twitter play its cards right, it could become the leading player in a golden new age for social media content.


MyWallSt gives you access to over 100 market-beating stock picks and the research to back them up. Our analyst team posts daily insights, subscriber-only podcasts, and the headlines that move the market. Start your free trial now!


Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

  • Includes free newsletter updates, unsubscribe anytime. Privacy policy

Latest articles