A Customer-Driven Business Model For Twitter (jeffreifman.com)
reifman writes: As revolving door of Twitter executives makes headlines and its $100+ million quarterly losses continue, it's not clear the company will survive the year without being acquired for a quarter of its offering price. The solution for Twitter's business challenges could be to adopt an engaging feature rich subscriber model that reaffirms its status as the platform of a global democratic communication hub. Here are fifteen ideas for Twitter to transform into a profitable user-centered business including integration of open source Signal for secure phone calls and direct messaging, Stellar for payments and domain mapping and blog hosting with your feed front and center.
What do they spend these millions on? Taking ludes on a superyacht in the Bahamas?
It is just a service that takes in bits of plaintext and spits them out to multiple users, most of them are using an app so no huge bandwidth cost (although still not as efficient as it could be) there is no valid technical reason for it to cost 100's of millions. A system like Twitter could be completely decentralised and P2P based and nobody would have to spend any extra to run it, the corporation behind Twitter doesn't serve any purpose as far as I can tell.
I have no clue how they can not be making money with a user base that huge and advertising on it. I'm utterly baffled. It's like the management want it to fail so it can be sold in an acquisition for far less than it's actual value to the people they rub shoulders with while they inflate their own salaries by huge factors with no comeuppance or risk to themselves personally.. ...
Oh, right.