Looks like activist investors are getting their Christmas wish this year.
Twitter's not immune from ending up on this list (on a long enough timeline):
https://en.wikipedia.org/wiki/List_of_defunct_social_network...
I resigned from Twitter
151–160 of 1001 posts
Re: I resigned from Twitter
#152About time. Twitter has been absolutely floundering for years under his control, since he has absolutely no idea why anyone is using the site and has just been throwing random ideas copied from others at the wall to see what sticks (nothing, so far), and cryptocurrency garbage nobody wants.
Not to sound like a Boomer, but I still genuinely don't get what Twitter is for. I actually finally created an account a year ago and most of my follows are pretty high-brow (journalists, various industry experts, some big shots in my outer circle) and I still get almost no value from it. They use twitter to post inside jokes or promos to web content that I didn't have trouble finding without twitter. Maybe 1 out of…
Evidently the solution is to create a loginwall so that you're forced to create an account rather than being able to access the content without one. That way Twitter can provide "value".
Re: I resigned from Twitter
#153The 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.
That won't happen, the community is there to stay and it won't be less toxic just because the CEO resigned.
Re: I resigned from Twitter
#154The 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.
>allow the platform to mature
What does that mean?
The medium is the message and Twitter is curt, prone to exaggeration / outrageous / mean spirited content.... and the people on there EAT IT UP.
What is going to mature?
Re: I resigned from Twitter
#155Any speculation as to the reason and timing for this?
Twitter was Jack's baby, and he loved it so much that he gave 50% of his Square time to leading Twitter. Jack has so much more to gain from Square from both an equity and Bitcoin maximalist perspective, it's curious why Jack would try to lead two very demanding companies simultaneously. (Not that it can't be done. Elon, Jack, et al. have done it for years.)
My thought is that this is Jack returning focus to Square after the recent SQ earnings report miss, slowing growth of Cash App, stock slip (down 20%), and incredibly increased competition from Shopify, PayPal, and now MAGMA. (Microsoft is entering BNPL, Google/Apple/Facebook pay, etc.)
Re: I resigned from Twitter
#156Earlier quoted context omitted.
> benefits anyone but the people that invented it Same could be said about social networks.
Social media has downsides but that doesn’t mean it’s useless or has never been useful. It did connect people. There was a time when you lose touch with your high school friends pretty much forever when you move for college and then a different city.
There was a time that cigarettes 'calmed the nerves' as well. Almost universally, nobody thinks social media is a one way street of mostly-positive outcomes.
Re: I resigned from Twitter
#157Twitter under Jack Dorsey has been a huge cryptocurrency promotion engine. I wonder if that remains.
When I look at the CTO's (who becomes CEO now) tweets it seems they will keep this going.
Re: I resigned from Twitter
#158Earlier quoted context omitted.
Was it plan or execution? I understand he had some very aggressive performance targets to hit too.
I think parent comment is making a joke in reference to HBO’s Succession: https://m.youtube.com/watch?v=5xBrFbNHhYk The line is a bullshit TV talking point to rationalize (to the markets) an abrupt 180 by one of the characters.
Is it bullshit? The plan the buyers like has a chance of making just a few more dollars for their limited partners than Jack Dorsey's plan and thats why they bought more shares. Simple.
Re: I resigned from Twitter
#159Earlier quoted context omitted.
Highly doubtful as long as they stay in SV. Barring some major backlash I don't think any major company will ever operate there again without making the whole company political.
Well given the ever increasing crime, taxes, costs and lowering of living standards hopefully we will start either seeing companies leave SV, or SV ceasing having any competitive advantage as companies realize their talent pool is not infact limited to SV and there are plenty of high talented people that have no interest in living in SV
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Re: I resigned from Twitter
#160Earlier 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.
Twitter is THE social media I am not able to use without letting it affect my mental health. Anytime I logged into Twitter, I came out more angry, bitter and outraged. It's like the whole platform is built around hot takes, dunking, bullying, and outrage. It always baffles me how mainstream media never utters a word how toxic Twitter is.
Completely agree. On top of that, even if you avoid the politically charged stuff, there is just a staggering amount of bullshit. “Thought leaders” with tens of thousands of followers all tweeting the same broad ideas as if they’re original thoughts.