Cramer: Twitter-Google hookup ‘gigantic’

Cramer on TWTR-GOOGL deal
Cramer on TWTR-GOOGL deal

Twitter's expected deal with fellow tech giant Google will give it a tremendous boost, CNBC's Jim Cramer said.

"I thought the timing for it was interesting," Cramer said on CNBC's "Squawk on the Street" on Thursday. "It almost made me feel like maybe the quarter's not going to be that good, but this is gigantic."

The two tech behemoths have reportedly reached a pact for tweets to start appearing on Google search results midway through the year. "This is kind of like the holy grail," Cramer said. "This is what I wanted."

Twitter's stock was up about 4 percent Thursday morning. Nevertheless, it is down about 35 percent for the year.(Click here to see what the stock is doing now).

Cramer added that this deal helps Twitter with one of its major problems. "This blows away [the worry] of monthly average users," he said. "If monthly users start going up, and this does it, then all [is forgiven]."

Twitter will release its latest quarterly earnings report Thursday after the closing bell.

Correction: This story has been updated to reflect that the Twitter-Google deal has not been announced.

Disclosure: When this article was published, Cramer's trust owned stock in Twitter.