Twitter Is Systemically Important: Twitter Investor

The economy can't survive without the 140-character messaging system, says this guy.

Maybe you already consider Twitter an important part of your day. Maybe it's the first thing you look at when you wake up and the last thing you check in with before you go to bed. Maybe an error message when attempting to log in is enough to cause heart palpitations. Maybe you don't need to be told how important a company Twitter is. MAYBE YOU DON'T EVEN HAVE A CLUE. Because it's not just some site, some tool of communication. It's so much bigger than that, says venture capitalist (and company investor) Chris Sacca. Because if Twitter goes down, it takes the global economy with it.

"I think it's becoming clearer and clearer that Twitter is just an indispensable part of, not just the media landscape, but the economy at this point," the founder and managing director of Lowercase Capital and an early Twitter investor said on CNBC's "Squawk Alley." Sacca maintained a bullish outlook on the social network even as its stock shed about 43 percent last year.