Is Twitter Dying?
A tale of two Twitters
At the end of Monday trading, Weibo, the “Chinese Twitter,” had a market cap of $11.32B. Meanwhile, Twitter slipped to $11.23B.
To put it another way, Jack Dorsey’s beleaguered company is now worth less than its Chinese clone that launched 3 years after the original. Yikes.
That gap will likely widen, too…
While Twitter dies a slow, painful, “someone please buy us” death, Weibo continues to grow, adding 70m active users in the past year (Twitter lost 5m during that same time period).
Plus, Weibo is crushing it with ad revenue (up 45% from last year) and capitalizing on live streaming in ways Twitter isn’t.
We’re no experts, but Weibo sounds like a well-oiled machine. Perhaps that’s because their founder and CEO isn’t simultaneously running another public company…
Right on cue!
Literally seconds before we were getting ready to wind this post down with a joke about Dorsey’s facial hair or his ridiculous daily schedule, more bad news for Twitter popped up.
According to reports, the main reason Disney ditched its potential Twitter acquisition was because of the hate speech and abuse regularly found on the platform. Can’t be having the family-friendly Disney brand associated with Islamophobes, anti-semites, and racists, ya know?
This is brutal news for Twitter because it proves that they have some serious housekeeping to take care of if they want to sell this thing. Disney didn’t back out simply because of timing or money concerns… Disney backed out because of Twitter’s inherent flaws.
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Guitar Teacher
8 年#oops!
Scrivere e Condividere | Content Writer
8 年Twitter does have a troll problem, but I'm not a fan of censorship... What if we became our own "police" on the platform? We could build strong, supportive networks to help our fellow users cope with online harassment, stepping into the fight and/or engaging in fact-checking...
Independent Business Owner at Small Property Projects
8 年I hope so, I never got it!!
Turtle Theory Management E = J
8 年any platform that does not address hate of any kind is not social, it's political , will follow @netdatabiz
Senior Contributor at Liberty Island Magazine, a science fiction, fantasy and horror publication
8 年Yes. They are banning conservatives for having conservative viewpoints, including many of their most popular users. Sometimes it is duplicitous like shadow banning Scott Adams of Dilbert fame the day after he endorsed Trump. Twitter’s immoral double standard is even allowing these hash tags to exist, much less the racist, sexist and incitement to violence that often accompanies them: #killallcops, #killallwhites, #KillAllMen, #killallwhitemen, #waroncops, #polarbearhunting and #KnockOutGame (making a game of blacks assaulting whites)