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To put it in perspective, Twitter's market cap is still $25B after taking a recent slide - that's about 10x the valuation when they started closing down APIs a
by mmahemoff 11y ago
To put it in perspective, Twitter's market cap is still $25B after taking a recent slide - that's about 10x the valuation when they started closing down APIs a few years back.
I think it's a bit of a knee-jerk to start assessing their whole strategy on that basis. It pains me to say so as a developer who would have loved the old platform to remain (I had to shut down a somewhat popular hobby website because I didn't want to put in the effort to switch to OAuth). And as a user who misses a proper TweetDeck equivalent on the phone.
They didn't win any friends in the developer community, but the article is about growth and it's not clear they would have achieved the same level of growth with the majority of users on 3rd party apps.
- rcarrigan87 11y agoThe critique seems to be on Twitter's long term strategy. Shutting down 3rd parties helped them get users back on the native platform, buoying their short term results. However, without the 3rd party developers the native platform is becoming less and less interesting. We are in a very hot tech market right now so valuations are a little out of whack. Facebook has had fairly strong results the past few quarters which give investors hope Twitter can do the same. We will see!