4 ms·

Let's be clear about what has happened here though - Dorsey saved Twitter when he first returned, but he completely failed to run it as a business. No monetizat

Let's be clear about what has happened here though - Dorsey saved Twitter when he first returned, but he completely failed to run it as a business. No monetization, anemic growth and a complete failure to become a real competitor in the sector. Every other comparable tech company grew massively over the last 6 years and Twitter is basically the same value it was when he came back as CEO. And also let's remember why he is stepping down - this only came after investors came in and said "Hey, you've done a bad job, we need someone new"- and not for nothing, the 6 years of lack of value matched 6 years of failure to innovate. His criticism might be genuine, but at the same time, he was in charge. It's difficult to beleive him when suddenly the week after he lost responsibilty, he gained a vision for how to fix twitter.

jseliger 5y ago
anemic growth Twitter may primarily be a text-based medium and for that reason it appeals to people who are more textually and informationally oriented. This idea isn't original to me: https://www.eugenewei.com/blog/2018/5/21/invisible-asymptotes https://www.eugenewei.com/blog/2018/5/21/invisible-asymptote..., https://alexdanco.com/2019/10/17/the-audio-revolution/ https://alexdanco.com/2019/10/17/the-audio-revolution/. Maybe there's much more growth in it: or maybe that's the nature of the company and product.
- novok 5y ago
  Facebook did not just stay in it's little FB lane. In response to not performing well, they figured out mobile, they accquired IG, Occulus, WhatsApp and Messenger and made them key business items to expand their relevance to great effect and make gabs of money as a result. What has twitter done to go beyond their core product? Not much other than a recent clubhouse clone and a failed snapchat story clone.
  - gojomo 5y ago
    Hey, don't forget how Twitter acquired video microblogging service Vine, used their platform power to kill comeptitor Periscope, then let the product languish into death... leaving that medium wide-open for China's TikTok to take over. Yahoo was the Web 1.0 company that killed a ton of great Web 2.0 projects with destructive acquisitions & fumbled post-acquisition product development. Twitter's been the Web 2.0 Yahoo, killing a bunch of promising Web 3.0 concepts with their API rugpulls, botched acquisitions, & lethargic product development.
fleddr 5y ago
You're right that he's a terrible CEO, but perhaps that is exactly why he's believable, or at least has my benefit of the doubt. Years before stepping down he was already distracted by his side projects and interests.
robertlagrant 5y ago
> Dorsey saved Twitter when he first returned I'm pretty sure Donald Trump saved Twitter. Super controversial president chooses your attention economy platform as primary means of communication? Cha-ching!

jseliger 5y ago

anemic growth Twitter may primarily be a text-based medium and for that reason it appeals to people who are more textually and informationally oriented. This idea isn't original to me: https://www.eugenewei.com/blog/2018/5/21/invisible-asymptotes https://www.eugenewei.com/blog/2018/5/21/invisible-asymptote..., https://alexdanco.com/2019/10/17/the-audio-revolution/ https://alexdanco.com/2019/10/17/the-audio-revolution/. Maybe there's much more growth in it: or maybe that's the nature of the company and product.

novok 5y ago
Facebook did not just stay in it's little FB lane. In response to not performing well, they figured out mobile, they accquired IG, Occulus, WhatsApp and Messenger and made them key business items to expand their relevance to great effect and make gabs of money as a result. What has twitter done to go beyond their core product? Not much other than a recent clubhouse clone and a failed snapchat story clone.
- gojomo 5y ago
  Hey, don't forget how Twitter acquired video microblogging service Vine, used their platform power to kill comeptitor Periscope, then let the product languish into death... leaving that medium wide-open for China's TikTok to take over. Yahoo was the Web 1.0 company that killed a ton of great Web 2.0 projects with destructive acquisitions & fumbled post-acquisition product development. Twitter's been the Web 2.0 Yahoo, killing a bunch of promising Web 3.0 concepts with their API rugpulls, botched acquisitions, & lethargic product development.

fleddr 5y ago

You're right that he's a terrible CEO, but perhaps that is exactly why he's believable, or at least has my benefit of the doubt. Years before stepping down he was already distracted by his side projects and interests.

robertlagrant 5y ago

> Dorsey saved Twitter when he first returned I'm pretty sure Donald Trump saved Twitter. Super controversial president chooses your attention economy platform as primary means of communication? Cha-ching!