Twitter reported third-quarter earnings before the bell Thursday and beat on revenue and earnings per share. The social media company also forecast that it will report its first-ever quarterly profit to cap off the year. Michael Pachter, managing director at Wedbush Securities, joins Cheddar to break down the numbers and tells us if the company has as bright a future as it claims. Overall, Pachter feels that Twitter is doing a good job of catering to its current users, but fails to convince non-users to sign up. The lack of user growth is a glaring weakness for Twitter in Pachter's eyes. The analyst is also bearish on live-streaming on Twitter's platform. He calls it a "misguided strategy," because Twitter is "not the place you go to watch live sports." He doesn't understand why users need to watch sports on a platform like Twitter and feels that only a tiny fraction even cares. Pachter thinks Twitter needs to work on getting users to its platform, getting them to stay there, and having them interact with ad impressions. The company then has to leverage those interactions for advertising revenue.