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Twitter’s CEO Dick Costolo Is Stepping Down

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Re: Twitter’s CEO Dick Costolo Is Stepping Down

#231

Earlier quoted context omitted.

and they will make money how? their expenses sure will go up.

Mandatory promoted tweets for 3rd party clients maybe? I use a 3rd party android twitter client due to its superior UX compared to the official app, but I wouldn't mind getting served promoted tweets in that client at all.

They can do that, and they can also charge the app suppliers per customer if they don't show the ads. I'd willingly pay to have no ads, better functionality etc.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#232
post #206

Earlier quoted context omitted.

They have to pre-pay 75 years worth, including future employees

It's not 75 years and it's not for future employees. http://www.washingtonexaminer.com/unraveling-the-myth-that-t...

it's 50 years, which is functionally equivalent in the insanity. Imagine if you had to pay 50 years of taxes upfront

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#233

Having a founder and product visionary (Jack) in the driver's seat at Twitter is absolutely the right move. Sure, Jack has his quirks, and seems a little bit crazy and minimalistic, but that's exactly what makes him the right person for the job. Twitter is executing on its vision now just fine, but that's just the problem: There hasn't been any vision left in the company. No truly big moves have been made, and the pr…

I think we tend to overuse the word visionary quite a bit these days in the industry. Have you read the book by other Twitter founder who was ousted? He paints a different picture of Jack. Jack is no slouch but a visionary? He is not in the same league as Elon Musk. Jack is a hipster in a suit; he is smart and has carefully crafted his public persona (probably inspired by Jobs and modeled his persona after his ideas)…

You don't have to be Elon Musk to be a "product visionary". It's simply someone who's good at envisioning new products. They don't all have to save the planet (and Musk is standing on the shoulders of giants with his).

We should also be careful not to base our impressions on sensational stories spun by disgruntled ex-employees who've gone on to do jack squat. Not a lot of "hipsters in a suit" have gone on to found a second multi-billion dollar company (Square). Sure, we can debate how good a business Square is but it's clearly in "visionary" product territory. It changed its industry.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#235
post #11

Earlier quoted context omitted.

I think it's going to be more like Jerry Yang coming back to Yahoo -- not much of a change either way.

Jerry Yang's investment in Alibaba turned out to be worth over $42 billion dollars which accounts for most of the value of Yahoo today...

That actually happened before Yang returned as CEO:

"In 2005, under Yang’s direction but before he took over as CEO in 2007, Yahoo! purchased a 40% stake in Alibaba for $1 billion plus the assets of Yahoo! China, valued at $700 million."

https://en.wikipedia.org/wiki/Jerry_Yang_(entrepreneur)#Alib...

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#236

Earlier quoted context omitted.

I think we tend to overuse the word visionary quite a bit these days in the industry. Have you read the book by other Twitter founder who was ousted? He paints a different picture of Jack. Jack is no slouch but a visionary? He is not in the same league as Elon Musk. Jack is a hipster in a suit; he is smart and has carefully crafted his public persona (probably inspired by Jobs and modeled his persona after his ideas)…

You don't have to be Elon Musk to be a "product visionary". It's simply someone who's good at envisioning new products. They don't all have to save the planet (and Musk is standing on the shoulders of giants with his). We should also be careful not to base our impressions on sensational stories spun by disgruntled ex-employees who've gone on to do jack squat. Not a lot of "hipsters in a suit" have gone on to found a…

> It's simply someone who's good at envisioning new products

We risk running out of superlatives if we take that attitude. Can we reserve 'visionary' for those 'once in a generation' types and not degrade it to mean 'competent product manager'.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#237
I wrote a post in response to Costolo stepping down. Since the trendy thing is to post punditry about Twitter, I couldn't help but chime in.

"On Twitter" - http://blog.higg.im/2015/06/12/on-twitter/

----------

Also, you can make up your own mind about this:

http://www.vox.com/2015/6/11/8761731/twitter-trouble-faceboo...

http://lowercasecapital.com/2015/06/03/what-twitter-can-be-2...

https://medium.com/@michaeledwards/re-imaging-twitter-ea4e11...

http://www.novaspivack.com/uncategorized/why-twitters-engage...

https://alexgaynor.net/2014/oct/30/i-hope-twitter-goes-away/

http://blog.higg.im/twitters-self-immolation/

http://john.do/twitter-quit/

http://techcrunch.com/2015/02/22/twitters-dilemma/

http://www.theatlantic.com/technology/archive/2014/04/a-eulo...

http://www.mathewingram.com/work/2015/04/30/twitters-multi-b...

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#238

Having a founder and product visionary (Jack) in the driver's seat at Twitter is absolutely the right move. Sure, Jack has his quirks, and seems a little bit crazy and minimalistic, but that's exactly what makes him the right person for the job. Twitter is executing on its vision now just fine, but that's just the problem: There hasn't been any vision left in the company. No truly big moves have been made, and the pr…

I think we tend to overuse the word visionary quite a bit these days in the industry. Have you read the book by other Twitter founder who was ousted? He paints a different picture of Jack. Jack is no slouch but a visionary? He is not in the same league as Elon Musk. Jack is a hipster in a suit; he is smart and has carefully crafted his public persona (probably inspired by Jobs and modeled his persona after his ideas)…

I own a significant amount of tesla stock and stand to benefit from Elon musk-hype. But I have to admit I'm pretty tired of it. There are other people who dream about and do things you know.

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#239

Earlier quoted context omitted.

I don't think he can do that to Square and their investors as nice as the story sounds.

He has ran both companies simultaneously in the past via 16 hour work days: http://thenextweb.com/entrepreneur/2011/11/14/jack-dorsey-do...

He wasnt CEO at both though

Re: Twitter’s CEO Dick Costolo Is Stepping Down

#240
post #161
post #148

Earlier quoted context omitted.

The same ones private corporations are required to follow.

Show me a private corporation that is legally required to fully pre-fund pensions 75 years in advance for every employee, including all potential future employees, and I'll eat my hat.

That's not what the USPS is required to do.
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