3 ms·
Correct, except for some brief delusional pumps, it's always done badly. In the same period that Twitter is -10.4% from its IPO, the S&P500 is +150%. The NASDA
by gojomo 5y ago
Correct, except for some brief delusional pumps, it's always done badly.
In the same period that Twitter is -10.4% from its IPO, the S&P500 is +150%. The NASDAQ composite is +260%.
And the destruction wraught by Twitter Inc goes beyond what can be measured in its shareholders' lost value. By purchasing short-form video leader Vine, privileging it just enough to undermine competitor Periscope, then fumbling Vine completely, they destroyed two promising US-based short-form video companies – allowing Chinese-owned TikTok to dominate.
Twitter-like companies overseas have pioneered new e-commerce & private-messaging features, while Twitter launches, then ignores, half-thought-out features like polls, bookmarks, or fleets.
Twitter Inc is a corporate malignancy suppressing innovation on an essential communications frontier.