4 ms·

I'm surprised he waited this long. Twitter's dead and their management doesn't even know it. Yes, it will limp along the same way Yahoo did and eventually they

I'm surprised he waited this long. Twitter's dead and their management doesn't even know it. Yes, it will limp along the same way Yahoo did and eventually they will find a suitor to sell to at a very low, low price.

chimeracoder 10y ago
> I'm surprised he waited this long. Twitter's dead and their management doesn't even know it. He's a board member, and will continue to be after the sale. He's not selling because he lacks faith in the direction of the company. He's selling because he needs the cash, and as someone who made most of his fortune off of Twitter, most of his money is tied up in Twitter stock. As a board member[0] and large shareholder, he needs to make a public filing along with that sale. If he were selling 80% of his stock, or if he were announcing his intention to step down from the board as well, I might agree with you (but also might point you to Bill Gates, who announced his decision to fully divest from Microsoft a while back, in order to fund his foundation's work). But he's selling less than a third of what he owns, and he's clearly remaining involved with the company in a capacity that bears a fiduciary responsibility. [0] This really cannot be overstated; board members are not merely shareholders, and it's not a liability-free position. If Williams were seriously pessimistic about the future of Twitter as a board member, selling 30% of his shares and doing nothing else would be the most nonsensical way to act on that pessimism.
- bigtimeidiot 10y ago
  >He's not selling because he lacks faith in the direction of the company Personally, I don't question his motives, but you seem assured of something impossible for you to actually know. It's at least questionable to have waited until Twitter was scraping its all time lows, and then selling a huge chunk of stock. He just learned he might need money yesterday?
swah 10y ago
Where is this feeling coming from? There's only fb, twitter & instagram, no? I'm not seeing people using their phones less..
- acchow 10y ago
  Snapchat?
  - Retric 10y ago
    Ed, NM just got bit by fake news.
    - hullo 10y ago
      Snap is not a part of Facebook, they're independent and looking to go public.
      - danso 10y ago
        Snapchat had its IPO last month http://www.cnbc.com/2017/03/02/snapchat-snap-open-trading-price-stock-ipo-first-day.html http://www.cnbc.com/2017/03/02/snapchat-snap-open-trading-pr...
- nine_k 10y ago
  A huge number of people still use Yahoo Mail, and some use their photo offering. It does not put Yahoo's finances in a good shape, though. If Twitter could slash their expenses drastically, they could be rather profitable. Maybe they could increase their income somehow, too. Likely the same applies to Yahoo, and is equally problematic.
- GiorgioG 10y ago
  As a company/organization, Twitter is dysfunctional. I've had a friend quit from Twitter because all the other smart folks around him were leaving...leaving only the rent-seekers. I'm not saying all the smart folks are gone, but there has been a brain drain and it's been well deserved. Jack Dorsey hasn't done a thing to fix Twitter and yet they keep him on.

chimeracoder 10y ago

> I'm surprised he waited this long. Twitter's dead and their management doesn't even know it. He's a board member, and will continue to be after the sale. He's not selling because he lacks faith in the direction of the company. He's selling because he needs the cash, and as someone who made most of his fortune off of Twitter, most of his money is tied up in Twitter stock. As a board member[0] and large shareholder, he needs to make a public filing along with that sale. If he were selling 80% of his stock, or if he were announcing his intention to step down from the board as well, I might agree with you (but also might point you to Bill Gates, who announced his decision to fully divest from Microsoft a while back, in order to fund his foundation's work). But he's selling less than a third of what he owns, and he's clearly remaining involved with the company in a capacity that bears a fiduciary responsibility. [0] This really cannot be overstated; board members are not merely shareholders, and it's not a liability-free position. If Williams were seriously pessimistic about the future of Twitter as a board member, selling 30% of his shares and doing nothing else would be the most nonsensical way to act on that pessimism.

bigtimeidiot 10y ago
>He's not selling because he lacks faith in the direction of the company Personally, I don't question his motives, but you seem assured of something impossible for you to actually know. It's at least questionable to have waited until Twitter was scraping its all time lows, and then selling a huge chunk of stock. He just learned he might need money yesterday?

swah 10y ago

Where is this feeling coming from? There's only fb, twitter & instagram, no? I'm not seeing people using their phones less..

acchow 10y ago
Snapchat?
- Retric 10y ago
  Ed, NM just got bit by fake news.
  - hullo 10y ago
    Snap is not a part of Facebook, they're independent and looking to go public.
    - danso 10y ago
      Snapchat had its IPO last month http://www.cnbc.com/2017/03/02/snapchat-snap-open-trading-price-stock-ipo-first-day.html http://www.cnbc.com/2017/03/02/snapchat-snap-open-trading-pr...
nine_k 10y ago
A huge number of people still use Yahoo Mail, and some use their photo offering. It does not put Yahoo's finances in a good shape, though. If Twitter could slash their expenses drastically, they could be rather profitable. Maybe they could increase their income somehow, too. Likely the same applies to Yahoo, and is equally problematic.
GiorgioG 10y ago
As a company/organization, Twitter is dysfunctional. I've had a friend quit from Twitter because all the other smart folks around him were leaving...leaving only the rent-seekers. I'm not saying all the smart folks are gone, but there has been a brain drain and it's been well deserved. Jack Dorsey hasn't done a thing to fix Twitter and yet they keep him on.