This was something Facebook did a few years ago Even Google+ (rest in peace) had a similar feature. How could they have forgotten that dead people may have used their platform, and living relatives would be upset?
Either Twitter is completely run by amateurs - since its inception - or by people who just don’t care. Which one is worst, I wonder?
Co-CEOs is also a thing.
Having half a talented persons attention is better than zero. Whether they should still be the show piece CEO vs the background mastermind is up for debate though.
My pet theory is that Imgur is actually what the NSA needs all that diskspace in Utah for. :o)
It's not disappointing, it's amazing that it's worth $24 billion now. A fair value is less than half that, and even at a 50% reduction that'd be at a obscenely generous 30-40 PE.
The premise of the outcome being disappointing supposes that there is anything that could have reasonably been done to meaningfully bolster the share price during that time. As opposed to Twitter in reality being a mature, slow growth, second tier social network (which is what it will always be no matter who is running it).
Dorsey has done a great job fixing the operational disaster that Twitter was previously. The reason the Twitter stock has been flat since the IPO, is because it was comically overvalued at the IPO, not primarily because it has been operated poorly since then. Based on its operating results contrasted with now, Twitter should have been worth a minimum of 3/4 less at its IPO than it was (probably more reasonably it should have been worth ~90% less at IPO, and worth a minimum of 50% less right now).
2015 | revenue $2.2b | op expenses $1.9b | op income -$450m
2018 | revenue $3b | op expenses $1.6b | op income $453m
The disaster that Dorsey inherited, he fixed. Flipping operating income by a positive $900 million in three years. A spectacular outcome for a business doing $3b in sales.
Twitter is still an independent business today solely because of the operational improvements that Dorsey made to push Twitter into sound profitability. If not for that, Twitter would have already been forced into selling itself (which was a common discussion prior to the dramatic improvement in operational results).
Boost sales $800m and drop operating expenses by $300m. That's as good as it is going to get for Twitter as a business conceptually. There is no scenario where it's going to be the next giant social network or a juggernaut like Facebook, there is no high growth scenario waiting to be discovered. The very nature of Twitter guarantees that can never happen, it can't attract enough participants to that style of social broadcast & consumption.
Twitter has actually already made changes that make it more useful for its core audience. Increased character counts etc., for example, has allowed Twitter to essentially replace microblogging--or even short-form blogging generally.
You compare Twitter with Facebook but Facebook has 9X or so employees. Presumably that means that while a feature like memorialisation gets worked on at Facebook, there isn’t enough manpower to work on it at Twitter. They’re too busy working on the core parts, keeping the lights on. But again, there could be even more constraints that I’m not aware of and you’re not aware of.
Please please please let’s not sit on our ergonomic chairs and ask “why don’t you just” without understanding their perspective. Let’s assume good intent and reasonable competence. Of course we look smarter and more competent by accusing someone of being the opposite, but we should resist the urge.
Notice you still haven’t said how Twitter is supposed to do everything Facebook does but with 1/9th the number of employees. You and everyone else have directly assumed that Twitter has decides not to work on memorialisation because they are malicious or incompetent ... when it’s possible that they just didn’t have enough people to work on it.
We could discuss if this feature should have been prioritised or not, but claiming that Twitter is this little understaffed company that cannot be expected to implement something like that is a bit disingenuous.