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Looks like activist investors are getting their Christmas wish this year. Twitter's not immune from ending up on this list (on a long enough timeline): https:
by riffic 5y ago
Looks like activist investors are getting their Christmas wish this year.
Twitter's not immune from ending up on this list (on a long enough timeline):
https://en.wikipedia.org/wiki/List_of_defunct_social_networking_services https://en.wikipedia.org/wiki/List_of_defunct_social_network...
- deleted 5y ago[deleted]
- fluidcruft 5y agoThey could have ended up on that list with Dorsey in charge anyway.
- egfx 5y agoI think conversely Twitter is the only one that is immune.
- bingohbangoh 5y agoAgreed. Other social networks went defunct because they became irrelevant. Twitter is far from that. More a risk of becoming the next Tumblr.
- krolden 5y agoAre people really using the term 'activist investors' unironically?
- riffic 5y agoBloomberg and CNN did, last year: https://www.bloomberg.com/news/articles/2020-02-29/singer-s-elliott-is-said-to-seek-to-replace-twitter-ceo-dorsey https://www.bloomberg.com/news/articles/2020-02-29/singer-s-... (previous link paywalled, outline: https://outline.com/gxqsh2 https://outline.com/gxqsh2) https://www.cnn.com/2020/02/29/tech/elliott-twitter-jack-dorsey-replace/index.html https://www.cnn.com/2020/02/29/tech/elliott-twitter-jack-dor...
- acdha 5y agoYes — it's been in use for years, with some examples here: https://www.investopedia.com/terms/a/activist-investor.asp https://www.investopedia.com/terms/a/activist-investor.asp It's important to remember that in common usage “activist” doesn't mean anything other than trying to change how a company is run — there isn't the connotation of social values or similar which the term has in common usage.
- barbecue_sauce 5y agoI think the term has been around since the 80s.
- adam_arthur 5y agoIt's a real term used in the finance industry to refer to investors pushing for changes that often run counter to what current management/board wants. Why do you think it's a poor term?
- koheripbal 5y agoThe issue with Dorsey is that he acknowledges how toxic Twitter is, but has no idea how to fix it nor did he seem ready to do so, and this made investors very nervous. See his recent interview on CNN : https://www.facebook.com/cnn/videos/2100868666791589/ https://www.facebook.com/cnn/videos/2100868666791589/
- mikeiz404 5y agoFor those who don’t have fb I believe this is the video (but I’m guessing from the comment’s content only) — https://edition.cnn.com/videos/tv/2018/08/19/jack-dorsey-speaks-about-twitters-problems-rs.cnn https://edition.cnn.com/videos/tv/2018/08/19/jack-dorsey-spe...
- jcadam 5y agoI don't think it can be fixed. Social media in general is a cancer.
- askin4it 5y agodon't say that! if twitter ends up there, where will NPR get its journalistic content?