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Jack Dorsey Needs to Step Down

profgalloway.com

51–60 of 119 posts

Re: Jack Dorsey Needs to Step Down

#51

>> As of 12/6 I am the direct and beneficial owner of approximately 334,000 shares in Twitter. Well, that's your problem.

> Well, that's your problem It looks like an activist position. The shares were acquired with the view of making them more valuable through direct action. This is a validated hedge fund strategy.

That seems pretty likely to fail. How often does that actually result in positive gains?

Re: Jack Dorsey Needs to Step Down

#52
post #41

What's curious to me is how Twitter made so few improvements so slowly during the past few years, when its Chinese counterpart, Weibo, could release waves of new features in fast pace. Not that all the new features are good in users' eyes, of course, but isn't fast iteration a motto in the Bay Area?

Don't you think that scaling to handle global growth is a feature?

Except twitters DAU has been pretty steady at around 300-315 million since 2015.

https://www.statista.com/statistics/282087/number-of-monthly...

Re: Jack Dorsey Needs to Step Down

#53
post #19

Twitter hiring Anthony Noto was one of the worst. They need to replace the board which essentially means someone needs to acquire them in order to unlock the potentials.

Problem is that nobody wants them. Two or three years ago there was regular talk about Twitter selling the company, but every potential buyer (e.g. Google) said no in the end. Twitter is just not a very good business, but it does attract a lot of scrutiny due to its size and impact. It has pretty much all the risks of Facebook with none of the cash flow.

But didn't Twitter turn off the firehose of data to Google awhile ago? Therefore Google could benefit from the increase in data access to the thoughts/feelings of 300 million DAU.

Re: Jack Dorsey Needs to Step Down

#54

Man, why does a simple blog need so much JavaScript? (Sorry, I know this is not the most productive of comments, but I am genuinely curious to know. Also, if not me, someone else is inevitably going to say it, I suspect).

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."

Re: Jack Dorsey Needs to Step Down

#55
post #44
post #37

Drivel. 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.

I think you meant drivel. And here is a fine example of how to dribble (via twitter): https://twitter.com/BleacherReport/status/120241814211214540...

Yep, thanks for the correction.

Re: Jack Dorsey Needs to Step Down

#57
post #37

Drivel. 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.

There is no real comparison. Twitter is unique in its market (where it makes money). You can't really compare it to Facebook.

Re: Jack Dorsey Needs to Step Down

#59
post #6

Man, why does a simple blog need so much JavaScript? (Sorry, I know this is not the most productive of comments, but I am genuinely curious to know. Also, if not me, someone else is inevitably going to say it, I suspect).

Maybe all the author cares about is writing and content? I don't think this is an issue at all for the majority of people. Remember that you (and people visit/comment on articles on this orange site) are the 0.01% of people in the world that care about JavaScript being an issue.

That brings to mind Bonzi Buddy proving people literally would take a dancing monkey over security.

People generally may not understand enough to know JavaScript as a culprit but they do notice bloat and complain about the slowness.

I find difficult to think of metaphors which encapsulate a sense of proportion to the issue but ignoring a root cause as not an issue is a very good way to wind up with one.

Re: Jack Dorsey Needs to Step Down

#60
post #37

Drivel. 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 respect, what you're saying doesn't address the main thrust of the letter. The nine hour time zone difference between Dorsey and Twitter HQ is only one component of the "drivel", as you put it. Frankly it's just the rhetorical opener to the main point.

Reasonable people can disagree about whether Dorsey should be CEO. But I think the author's concerns are more varied and more cogent than your rebuttal would make them seem.

What are your thoughts on Dorsey leading two tech companies at the same time, Twitter's share performance over the past several years, and the political waters Twitter has to navigate?

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