Twitter Down the (Obvious)
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.
