Re:Dozens of Companies Are Using Facebook to Exclude Older W...
by candiodari on Friday December 22, 2017 @12:01AM
(#15985373)
Twitter "made 2.5B losses". Yeah ... that's bad ... but not from the perspectives of investors.
Jack Dorsey became a billionaire from those losses. The same is true for probably all other early investors. For an investment in Twitter to have done really badly, there was a "bear" period of about 2 years.
And before you say it, remember that even Google stock dropped 60%, Facebook's 70%. Twitter's drop actually looks pretty reasonable in comparison.
So firstly, I don't think twitter is bad, and secondly, I don't think people have given up on twitter, and thirdly, that seems pretty justified.
Re:Dozens of Companies Are Using Facebook to Exclude Older W...
by scarface74 on Friday December 22, 2017 @06:33AM
(#15986760)
A business model is by definition "bad" if it doesn't make sustainable profits. Of course you have to allow for time, but Twitter isn't a startup.
Re:Dozens of Companies Are Using Facebook to Exclude Older W...
by candiodari on Saturday December 23, 2017 @01:52AM
(#15993238)
Well I would be very happy indeed if I ever make a business for myself 10x as bad as twitter.
Wouldn't you ?
Re:Dozens of Companies Are Using Facebook to Exclude Older W...
by scarface74 on Saturday December 23, 2017 @08:38AM
(#15994097)
As a founder - yes, if I could convince VCs to give me enough money to fund a money losing venture long enough to take public to get the market to value my company at a few billion.
As an employee who has a job because the company exists? Yes
As a retail investor - I wouldn't be quite as happy.
I've made the mistake at one company of thinking that my job was to architect solid software that was sustainable for the long term.
What they really wanted was to have software that was "good enough" and had all of the checkbox features to be attractive to potential acquirers so the investors would stop breathing down their necks.