But it's a private company so they can do whatever they like with it. I wonder anyways who would invest their own money in Twitter. The fundamentals always were and still are so bad you'd have to be nuts or a true believer.
But it's a private company so they can do whatever they like with it. I wonder anyways who would invest their own money in Twitter. The fundamentals always were and still are so bad you'd have to be nuts or a true believer.
Twitters stock was built on journalists (One of the only groups of people the format actually serves well) pretty much raving about it and making it's brand into a phrase that the general public recognises.
Twitter is going to pander to whatever Journalists want, if journalists write about harassment on Twitter, then Twitter is going to double down on that.
it was a SMS based broadcast service, no?, and it largely still is (only dropping the "SMS" part, but keeping all the baggage)
That is also reflected in Twitters stock value, which lost 60% of it's value since the IPO.
Billions were literally burned by investors on this company because they will not even get back their investment.
As a developer I would never touch something like Twitter just as I wouldn't work for Yahoo, as it's a sure path to destroy your own career. (what career progress can you make in a company that will most definitely be irrelevant and likely even out of business in the next few years)
If they couldn't get their business model right after 10 years, they likely never will.
Edit: Just have a look at Twitters PE ratio
http://www.nasdaq.com/symbol/twtr/pe-ratio
That's one of the worst in the IT industry. Ridiculous!