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Twitter is a publicly traded company, which means it can be sued by shareholders if it makes business decisions which will harm its value. Giving up complete co
by joecot 4y ago
Twitter is a publicly traded company, which means it can be sued by shareholders if it makes business decisions which will harm its value. Giving up complete control of its protocol would harm its value. Giving up its algorithm which traps its users in a whirlwind of vitriol would harm its value, because its advertising dollars would go down. Dorsey might have been at the helm, he might have a lot of clout, but when it comes to making the internet or the world better in return for lower profits, most of the time the company leadership does not actually have the control we think they do.
The problem isn't that Twitter is a company, the problem is that they went public. Any promise or good will intention a corporation has ever had is null and void the day they sell the company or go public. I'm sure Dorsey will cry into piles of money over it.
- pdimitar 4y agoThat's all true and many still don't care. He should have fought back. I'm sure he had plenty of cards up his sleeve but cowardly kept cashing in checks and did nothing.