You’re slightly missing my point. I’m not claiming twitter’s niche is bigger. I’m saying for a social network to plateau at 300M users for 7-8 years that’s very embarrassing. Especially when the positioning was that “we’re a Facebook alternative.” For a social network to figure out tablestakes monetization 7-8 years post-ipo, that’s equally damning. The biggest offender is actually the glacial product development that Twitter has. Several Rudimentary features non-existent or canned because of analysis paralysis.
I’ll actually challenge you on the niche point. Twitter is niche because they completely failed to elevate the product experience to the masses. Mark was able to bring Facebook beyond a college network, Spiegel built snap beyond teens and texting, but Twitter continually fails for the average mom and pop. Every single piece of user research and UX audit finds Twitter to be very confusing for new users.
So Twitter being niche isn’t a victory. It’s an admission of defeat a la segways