Re:Jack Dorsey Needs to Step Down
by bitxbit on Friday December 06, 2019 @02:55PM
(#21725369)
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.
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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.
Twitter wasn't profitable two years ago. Eight straight quarters of positive net income can do wonders for attracting a buyer.
Re:Jack Dorsey Needs to Step Down
by JumpCrisscross on Friday December 06, 2019 @03:23PM
(#21725619)
> none of the cash flow
Twitter's operations threw off about a billion in cash for the first nine months of 2019 and 2018 [1].
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1418091/0001...
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.
Twitter is about to ban more kinds of content. https://gizmodo.com/twitters-nsfw-purge-looms-1840243559 I wonder if they're trying to make themselves more palatable for buyers.
That worked wonders for Tumblr whose value went from 1.1 billion to 3 million.
well they might just move to mastodon this time and the project will finally get some to see some action