Jack in a Box: Can Twitter Be Saved?
newyorker.com
newyorker.com
Twitter has so much untapped potential, a bit of which you can see in the new Moments. For comparison, Facebook is doing a fantastic job IMHO at highlighting stories, groups, events, and friends that I want to see.
Wouldn't this have a huge impact on their ability to monetize the twitter stream with ads and richer content? Of course this is developer friendly, but does it help them make real money?
Does a monthly active user of Facebook equal one on Twitter? Public conversation happens on Twitter—it is where celebrities and intellectuals put ideas into the public sphere. When you watch television news you constantly see tweets mentioned, when have you ever once seen a Facebook post? Twitter is like the Beat Generation, and Facebook is like a scrapbooking club. Even if Facebook wanted to make themselves relevant for public discourse (which they don't because Wall Street doesn't have a metric for that), it is incompatible with their current rent-seeking post promotion model and feed tax.
Meanwhile, no one, even within Twitter, can quite define what it is. Wall Street hates that, but what it really means is that there is still untapped potential there. Last I checked Twitter was 1/5th the size of Facebook. It's a bloody travesty that being 20% the size of the biggest social network ever is not considered viable, especially when it has so much unexplored potential.
Twitter would have fared much better in a bear market where they managed costs, and let the API flourish. Who knows what apps could have come out in 2015, 2020, 2025 if the fucking bankers hadn't gotten their mitts all up in the oven before the baking was done.
I must try: Twitter is RSS Feed. Twitter is a notification app for updates.
We should keep in mind that the bankers got their mitts in the oven because Twitter opened the oven door.
Guess what? No banker forced Twitter to go public. In fact, I'm sure Twitter approached the bankers to represent them in an IPO. And when you go public, you have certain obligations to your shareholders by law. So why go public? Oh yeah, the early Twitter investors wanted to get filthy rich, before the "baking was done". And they did.
Earning back that trust is much harder than the corporate decision regarding the API itself, imo.
I do think though that they've overscaled (employee and spending wise) hugely though.
Remember kids, cashflow.
I would also be more inclined to use it if I could include a link without having to shorten the URL, aka, let users include a link or photo without counting against 140 characters and also don't make @mentions count against the count. Or retweet titles for that matter. So it would be link + mentions + retweet text + (insert your text here 140 characters or less) It's just too difficult to say anything real and by the time I've messed around with shortening sentences and deleting punctuation to make it fit I'm pissed off and don't end up sending the tweet.
People have said all of these things before and they seem to have no interest in changing so I don't know, it might be too late for me to take a real interest in using Twitter seriously.
Would anyone actually buy them? I think maybe they would, as long as they were priced low enough to be impulse-buyable. For the power users who live on Twitter, it could easily be worth the time it would save them over constantly having to edit their posts to get them under the 140 character limit. It could be to Twitter what in-app purchases are to "free-to-play" games like Candy Crush -- a way to skip out of a grind.
This is overpriced by several orders of magnitude and would instantly spark a huge user revolt.
Artificial scarcity as a business model, ugh.
> It could be to Twitter what in-app purchases are to "free-to-play" games like Candy Crush -- a way to skip out of a grind.
Intentionally design your user experience to suck, but it gets better if the user pays.
I don't like your ideas.
I see a lot of potential for what Twitter has in their hand but the fact that that potential has not been utilized already makes me wonder if it will ever be used/if there is some kind of organizational disfunction going on that is preventing them from acting nimbly. Things like twitter polls and moments seem like bandaids to cover a slashed artery. They're designed to restore faith in the company so they don't get destroyed by timid investors but they don't add any real value to the company as I see it.
Periscope is a step in the right direction also and I think that it adds some real value but I am left wondering why they didn't just acquire Meerkat. Still, either one is an early stage risky bet that isn't going to save Twitter within the next year or two which is what I think they will need. It's essentially a one product company.
The problem now is that whatever Twitter does to its system will probably -- yet again -- make it more like Facebook. And while I understand the HN audience's hostility to Facebook, that looks to me like a losing strategy.
Most social networks provide very little that a blog and an email address don't, and for that modicum we pay with our privacy. Personally, I don't think the convenience of OAuth is worth what the networks earn from selling my data. I wonder what'll happen to their market share when smartphone OS developers start including authentication layers in their kernels.
Most social networks provide very little that a blog and an email address don't
Except, of course, the core reason social networks are: the baked-in audience of all your friends and family who are pushed all of your updates.I agree. That's exactly what I aimed to remedy with my redesign: https://medium.com/@danielrakh/redesigning-twitter-moments-f...
This is true, and I think it speaks to a deeper problem: nobody at Twitter really seems to understand exactly why the core product was successful, so they're afraid to evolve it out of fear that they'll somehow break the magic spell. When ancillary products like Moments are developed, though, the designers and developers feel freer to be bold, because there's no spell there to break. So when those products get bolted on to the side of the main product, they feel exactly like that -- bolted on.
Facebook has been much more fearless about changing their core product as their userbase has grown and changed -- remember when the News Feed was a controversial new thing? -- and as a result they can give their products a unified feeling that Twitter can't.
My 2 cents...
When twitter launched, Facebook was still closed to the general public, personal "blogs" were popular but somewhat out of reach of the general public (setup complexity), and a lot of people realized that while they had things to say, those things weren't enough to fill a blog.
Twitter allowed people to converse publicly, put micro-blog style opinions out, and do it without needing to register any domains or customize a page (MySpace).
IMO, twitter primarily filled a time-sensitive gap that has now mostly been overtaken by aspects of Facebook, Linkedin, etc. Much of Twitter is kind of paparazzi-like, and if a company came along that really leveraged the celebrity and sports icon base Twitter would fade away to a bunch of "SEO and Marketing Experts" all tweeting pre-scheduled thinly-veiled promos at each other.
Twitter is the internets water-cooler conversation. Facebook is the conversation you have at home with your family and friends.
However, to say that Facebook is fearless about innovation is off base. They have bolted on so many parts to the core social network that it has become a Frankenstein's monster. Whatever new idea comes along every six months they bolt something new on, until the whole thing is just a big mess of competing ideas. What is needed is a rework of the social network at its core.
I didn't say that they were fearless, only that they were more fearless than Twitter. Which I'll admit is not exactly a high bar to clear.
Facebook won the war on Twitter by making ludicrously large offers through proxy bidders on all of the well-established twitter clients. Twitter reacted by squelching third-party clients.
Twitter has never known how to innovate, but they used to be open enough to let "the crowd" do that for them. Now?
Citation needed.
Most people will eventually move on to the next thing, though, and the thing after that. Live by the network effect, die by the network effect.
But the wide variety of (non-spam) Twitter bots suggests they are quite friendly.
In other words, they turned it into a Roach Motel: data checks in, but it doesn't check out. https://www.youtube.com/watch?v=jKhGHxO-woc