How did this professor get his hands on $10m of Twitter stock?
Jack Dorsey Needs to Step Down
71–80 of 119 posts
Re: Jack Dorsey Needs to Step Down
#72Re: Jack Dorsey Needs to Step Down
#73Earlier quoted context omitted.
Didn't even notice and I'm on a very low budget phone. The content was interesting though. Im not sure I am persuaded that "moving to Africa" is a worthy point to lean so hard on. Maybe focus on him being a part-time CEO.
Perhaps Scott didn't focus on that (although he brings it up a number of times) simply because the board is obvious ok with that. I think he captures it in the title though... "Enough Already". It's like saying "Ok you let him be a part time CEO, but moving to Africa is too much."
That's a good point. Thanks.
Re: Jack Dorsey Needs to Step Down
#74Drivel. Nothing directly actionable. If a CEO has to be physically in his office to successfully run the company, he has done a poor job in building leadership under him/her. Jack is doing what he should be, finding new growth opportunities. Milking the users with more Ads will just piss off users for short term gains.
Are you kidding? Twitter is a tech company with a great brand and a monopoly platform that has a stock that performs like a mall chain. The rate of product change is so slow. There are so many opportunities for growth that are not advertising. Seriously, if you can't push out a CEO for under-performance in this case, when can you.
Why should the product change? It is perhaps the most-successful one-to-many broadcast system in human history.
Re: Jack Dorsey Needs to Step Down
#75Galloway with his $10M activist position and pedagogic theology forgets the most important stakeholders in Twitter are the DAU.
Re: Jack Dorsey Needs to Step Down
#76Earlier quoted context omitted.
Are you kidding? Twitter is a tech company with a great brand and a monopoly platform that has a stock that performs like a mall chain. The rate of product change is so slow. There are so many opportunities for growth that are not advertising. Seriously, if you can't push out a CEO for under-performance in this case, when can you.
Why should the product change? It is perhaps the most-successful one-to-many broadcast system in human history.
I agree about its success, but I think you could build off of that.
Have you ever used other twitter clients? Why shouldn't the official client have at least some of the features they offer?
Let me ask the HN community! Can anybody here suggest a feature that they would like added to Twitter?
Re: Jack Dorsey Needs to Step Down
#77Earlier quoted context omitted.
Twitter is about to ban more kinds of content. https://gizmodo.com/twitters-nsfw-purge-looms-1840243559 I wonder if they're trying to make themselves more palatable for buyers.
That worked wonders for Tumblr whose value went from 1.1 billion to 3 million.
well they might just move to mastodon this time and the project will finally get some to see some action
Re: Jack Dorsey Needs to Step Down
#78Why does Twitter need to have a huge market capitalization and return for investors? Can't it just be the "global heartbeat of the information age", as the author so humbly (/s) puts it?
Re: Jack Dorsey Needs to Step Down
#79Whatever happened to Red Envelope? I used to read that name a lot and then it just kind of vanished.
Hongbao is still huge and getting bigger. AND on Chinese Single's day, Alibabi did about $30B, which is about 4x the total ecommerce volume in the US.
Re: Jack Dorsey Needs to Step Down
#80Drivel. Nothing directly actionable. If a CEO has to be physically in his office to successfully run the company, he has done a poor job in building leadership under him/her. Jack is doing what he should be, finding new growth opportunities. Milking the users with more Ads will just piss off users for short term gains.
With that attitude why even have CEOs? Company’s been built, it should just run itself. Let’s just have CEOs step down as part of the IPO process. Literally nothing could go wrong. I’m proud of how Apple was able to dig itself out in the 1990s all by itself through the will power of the board and executive team. I mean what with Steve’s many South American getaways.
Jack spends half days at two companies and as such isn’t able to meaningfully administer either. And from that platform he’s going on vacation to Africa for 6 months. The line about the real issue being not that he’s going away but rather that he’s coming back is devastating but not far from the mark.