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> Elon's doing so many things that will gut Twitter/X. They've just been on the front-page of all the Western media today, from the FT, to BBC to the NYTimes,

> Elon's doing so many things that will gut Twitter/X. They've just been on the front-page of all the Western media today, from the FT, to BBC to the NYTimes, they're doing quite all-right. Meanwhile I realized today that I have genuinely forgotten the name of the Twitter clone put forward by Zuckerberg, C...something. Ah, no, I've just googled it now, it's Threads. Yeah, that project is dead in the water.

threeseed 3y ago
a) Twitter/X is not doing okay. They are valued at 1/3rd of what the company was purchased at. And their ill-conceived rebrand has seen them plummet on App Store charts indicating that many people don't know that it even happened. b) After its initial peak Threads started to lose users largely because of missing features e.g. web app, search, hashtags, chronological sort etc. One by one these are being added and users are slowly coming back. Meta is not going to kill Threads whilst it is providing rich behavioural data into their Instagram/Facebook ad serving.
- arp242 3y ago
  > They are valued at 1/3rd of what the company was purchased at That's not really a very useful metric, because Musk paid way too much for it in the first place, and even without that it was probably overvalued to start with (IMHO). Besides, in the end a valuation, especially for a private company like Twitter/X, is not really all that useful and just a bunch of people going "well, I'd pay this much for it, I guess..." I don't know if Twitter is doing okay or not, but I do know this is not a good metric.
  - threeseed 3y ago
    Valuations are important when your business is unprofitable, core advertising revenue has cratered and new revenue streams eg. subscriptions have been a complete failure. They are what investors will be looking at to decide if Twitter/X heads into bankruptcy or fights to live another day.
- deleted 3y ago
  [deleted]
Clent 3y ago
Are you a subscriber of the adage, all PR is good PR? I cannot recall the last time the-site-formerly-known-as-twitter was in the news for positive reasons.
- mgiannopoulos 3y ago
  Media don’t usually post about tech for positive reasons. Even the recent (temporary) success of Threads was projected as “Zuck kills Twitter”

threeseed 3y ago

a) Twitter/X is not doing okay. They are valued at 1/3rd of what the company was purchased at. And their ill-conceived rebrand has seen them plummet on App Store charts indicating that many people don't know that it even happened. b) After its initial peak Threads started to lose users largely because of missing features e.g. web app, search, hashtags, chronological sort etc. One by one these are being added and users are slowly coming back. Meta is not going to kill Threads whilst it is providing rich behavioural data into their Instagram/Facebook ad serving.

arp242 3y ago
> They are valued at 1/3rd of what the company was purchased at That's not really a very useful metric, because Musk paid way too much for it in the first place, and even without that it was probably overvalued to start with (IMHO). Besides, in the end a valuation, especially for a private company like Twitter/X, is not really all that useful and just a bunch of people going "well, I'd pay this much for it, I guess..." I don't know if Twitter is doing okay or not, but I do know this is not a good metric.
- threeseed 3y ago
  Valuations are important when your business is unprofitable, core advertising revenue has cratered and new revenue streams eg. subscriptions have been a complete failure. They are what investors will be looking at to decide if Twitter/X heads into bankruptcy or fights to live another day.
deleted 3y ago
[deleted]

Clent 3y ago

Are you a subscriber of the adage, all PR is good PR? I cannot recall the last time the-site-formerly-known-as-twitter was in the news for positive reasons.

mgiannopoulos 3y ago
Media don’t usually post about tech for positive reasons. Even the recent (temporary) success of Threads was projected as “Zuck kills Twitter”