>But as people moved to smartphones and push IM platforms, twitter's reason to exist kinda evaporated.
Huh? Did you read the articles? Can you explain how this jives with the massive increases in revenue?
Huh? Did you read the articles? Can you explain how this jives with the massive increases in revenue?
By that time, big names and whatsnot was on Twitter and you have snowball effect going. And you can observe how the shift goes from sms backed to web and app backed.
But once you mostly interact via web and app, the whole thing about 140 characters goes out the window and you basically turn into a cramped "facebook" (or perhaps and RSS feed).
At the same time the main innovation was not happening at twitter hq, but in third party apps (Tweetdeck etc) that allowed people more control over just what part of the stream they wanted to pay attention to.
Twitter is effectively coasting.
But this isn't a sustainable business, it's basically an unintentional pyramid scam. Businesses need to make a profit in order for people to receive a return on investment, and Twitter has never, not once, ever made a profit.
Investment is not revenue. Their revenue comes from advertising.
Businesses do not need to make a profit in order for people to receive a return on investment. People will always be willing to invest in a company that shows that it may have good growth in the future. Costs can be cut at any time, resulting in an easy profit. The investors care more about growth than profit, as it is a young company.
It's really not ok to accuse people of scams without any evidence just because you don't understand how businesses work.