I love Twitter as a service. I’ve got nearly 16,000 followers, and it gives me a great way – – for free – – to reach out to them. It also is my means of staying in touch, and weeping on the shoulder of, my friend Northman Trader.
But as a business, I just don’t get it. I’ve never understood why Twitter is a good business model; it seems almost like a worldwide charity to me. It’s been slip-sliding away for years now, and even before this evening’s earnings, it’s only worth about one-fourth of what it was after its IPO rally.
Of course, earnings are out now, and I gather they missed their revenue target. It seems new features like the ridiculous and inexplicable “Moments” on the Twitter feed aren’t making any difference. If only the entire market could look like these charts. Meh.
