Despite the many criticisms Twitter (NYSE:TWTR), and its co-founder Jack Dorsey has faced, media mogul Barry Diller has a positive outlook for the social media platform.
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“Twitter is a very good communications platform. It’s also going to be an okay advertising platform… people have been trash-talking Twitter for too long,” Diller told the FOX Business Network’s Liz Claman during a First on FOX Business interview.
Diller, who currently serves as chairman and senior executive at IAC and Expedia (NASDAQ:(IAC), is no stranger to deal making. Last year he spun-off Match Group (NASDAQ:MTCH), which includes dating sites Match.com, Tinder and OKCupid, into a separately traded company.
As for Twitter, Diller said he isn’t sure if he would buy shares of the 140-character social media giant right now, hinting that the valuation may be too high, even though the company is “making money.”
Separately, Diller is sure of his political views. A longtime outspoken critic of President-elect Trump, Diller said he’s still in shock that the real-estate mogul-turned politician won the general election in November.
“I wake up in the morning and I still can’t quite believe that he is actually going to be President of the United States,” he said. “To me, it’s literally like Kim Kardashian is going to replace Queen Elizabeth.”