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I resigned from Twitter

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Re: I resigned from Twitter

#61

Post by 0des »

Cthulhu_ wrote: post #52
PragmaticPulp wrote: post #31

Earlier quoted context omitted.

> you're not going to be able to give the focus a solo CEO is. I agree. As much as he tried to justify the dual CEO roles, it never made any sense. It was also maddening to watch him shift to a 3rd focus of promoting cryptocurrency and his own cryptocurrency investments. Hanging on to the CEO role of both Twitter and Square put him in a great position to push both companies toward more cryptocurrency integration, but…

> it never felt like it was being done for the benefit of the users of each platform. Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

> benefits anyone but the people that invented it

Same could be said about social networks.

Re: I resigned from Twitter

#63

Post by pyrrhotech »

xiphias2 wrote: post #54
samwillis wrote: post #38

Earlier quoted context omitted.

Only one of Elon's companies is public and there are regular calls for him to be removed, but its stock price has been on a trajectory that makes that impossible without him "canceling himself". Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering. Jack is CEO of two public companies and one is arguably underperforming, that's an untenable situa…

Twitter is 3x in 5 years, while S&P 500 is 2x in 5 years...It's not awesome, but I wouldn't call it underperforming...it's the same growth as Facebook. Elon was kept only because he didn't give away founder control. At the end outside MBAs always try to take over and destroy the companies.

Well that's a major cherry-pick. How about we use a neutral start point such as TWTR IPO date? Since Nov. 8, 2013, TWTR is up 16.8% and has paid 0 dividends. Meanwhile, SPX is up 162% since then, plus it has paid a dividend of an additional 1.5 - 2.5% per year during that time. And QQQ is up a whopping 381% in that time. Twitter has been one of the worst performers in the Nasdaq 100 over the last 8 years.

Re: I resigned from Twitter

#64

Post by AbsoluteNonce8 »

xiphias2 wrote: post #54
samwillis wrote: post #38

Earlier quoted context omitted.

Only one of Elon's companies is public and there are regular calls for him to be removed, but its stock price has been on a trajectory that makes that impossible without him "canceling himself". Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering. Jack is CEO of two public companies and one is arguably underperforming, that's an untenable situa…

Twitter is 3x in 5 years, while S&P 500 is 2x in 5 years...It's not awesome, but I wouldn't call it underperforming...it's the same growth as Facebook. Elon was kept only because he didn't give away founder control. At the end outside MBAs always try to take over and destroy the companies.

Not really :). 5 years is a pretty arbitrary, flattering timeline. Twitter is +18% all time growth. Facebook doubled a billion to 2B then to 3B users. In the same time span Twitter plateaud their user growth. Love the product, but the company is horrific in building things.

The 3x growth is only because they finally figured out monetization 7-8 years post ipo and rode the rising Ad wave that lifted all CPMs across Snapchat and TradeDesk.

Overall, pretty subpar stock and pretty grim outlook.

Re: I resigned from Twitter

#65

Post by someguydave »

Rastonbury wrote: post #53
koheripbal wrote: post #43

Earlier quoted context omitted.

Twitter is extremely toxic and divisive, and Dorsey is... the same. People are hoping his removal will allow the platform to mature.

Sorry but cynically toxic and divisive algos drives more attention thus more ad revenue (see FB), it's not going to get better with a more investor friendly CEO

I think twitter moderation has been so overtly one sided that there is plenty of profit to be made by warming up to the other side.

Re: I resigned from Twitter

#66

Post by cjrp »

mathattack wrote: post #11

The stock popped 10%. Is this a vote of confidence against him or for whoever has been waiting in the wings? There has been enough agitation against him by the activists that this can’t be a surprise.

Vote of no confidence surely

Re: I resigned from Twitter

#67

Post by reTensor »

koheripbal wrote: post #43
mathattack wrote: post #11

The stock popped 10%. Is this a vote of confidence against him or for whoever has been waiting in the wings? There has been enough agitation against him by the activists that this can’t be a surprise.

Twitter is extremely toxic and divisive, and Dorsey is... the same. People are hoping his removal will allow the platform to mature.

It's like when Kyle Vogt was forcibly removed from the CEO position at Cruise and replaced by Dan Ammann.

You need someone with brains and decency (not just luck) to run the company.

Re: I resigned from Twitter

#68

Post by brightball »

afavour wrote: post #7

I have no particular beef with Dorsey but I think this would make sense. He's been CEO of both Square and Twitter for years now and no matter what time you wake up in the morning or however many specials diets you undertake you're not going to be able to give the focus a solo CEO is. I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist in…

Hate Elliott. They are doing everything they can to cause problems with Duke Power as well.

Re: I resigned from Twitter

#69

Post by vmception »

mathattack wrote: post #11

The stock popped 10%. Is this a vote of confidence against him or for whoever has been waiting in the wings? There has been enough agitation against him by the activists that this can’t be a surprise.

They saw Dorsey's plan, and liked another plan better. Simple.

Re: I resigned from Twitter

#70

Post by kranke155 »

ryzvonusef wrote: post #59
kranke155 wrote: post #47

Earlier quoted context omitted.

Elon is not CEO of SpaceX as many here have already pointed out. edit this is wrong, he is CEO. Ms. Shotwell is COO and President. Outside of Tesla the other companies are not viable yet.

> Elon is not CEO of SpaceX Elon is most definitely the CEO of SpaceX (and Chief Engineer, for whatever that's worth) if you are thinking of Ms. Shotwell (what an appropriate name for a rocket scientist!) She's the COO.

Darn, not sure why I got confused. She's COO and President.
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