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Which says to me that bankers are probably still holding a lot of TWTR. If that doesn't change short-term, it could poison the social network.
by AsymetricCom 13y ago
Which says to me that bankers are probably still holding a lot of TWTR. If that doesn't change short-term, it could poison the social network.
- joezydeco 13y agoI believe going public poisons any company. CEOs change their vision from long-term to insanely short-term. Gotta make those quarterly numbers or they're screwed. There have been a few exceptions to this, Apple being the most famous one. Facebook was on the same track but the SEC rules about share ownership forced their hand.
- davidw 13y agoAmazon has pretty weird numbers, and is public.
- joezydeco 13y agoI think Amazon is another outlier, as we've already discussed: https://news.ycombinator.com/item?id=6591112 https://news.ycombinator.com/item?id=6591112 Notable pull quote: "It's important to note that if any other company spent until their EPS was negative, investors would /flip/. Amazon is playing with razor thin margins while trying to scale up a platform to end all platforms that we might someday use for everything without thinking about it." So again, like Apple and Facebook, everyone knows the CEO is playing the long game and doesn't give a crap what the stock price is.
- AsymetricCom 13y agoIt depends on who holds the stock, and how they're voting. That's pretty clear. When bankers buy a company anticipating a highly profitable return via their models and slam that expectation into the leadership like a floppy do... you know what happens.