Twitter Inc TWTR 0.16% and Facebook Inc FB 0.01% have long competed with each other as two of the largest and most successful social media networks on the planet. Twitter shareholders are painfully aware of the fact that Twitter has often come out with the short end of the stick competing with Facebook, but Twitter appears to be going all-in on streaming video.

According to The Ringer’s Kate Knibbs, while Facebook is dabbling in streaming video content, Twitter is positioning itself to be the premier streaming sports option for cable TV cord-cutters.

Twitter will launch its Thursday night NFL stream this week, but Twitter has also inked streaming deals with Wimbledon, the NBA, the NHL, MLB and CBS News.

“Twitter doesn’t want to be the world’s newspaper,” Knibbs wrote. “It wants to be the world’s basic cable network.”

The NFL played a pivotal role in the rise of Fox Sports and ESPN, and Twitter is hoping it will help establish the platform as a legitimate streaming sports destination.

In other words, Twitter may not be competing with Facebook Live this time. It may be competing…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!