Twitter is many things to many people. For my niece and her friends it’s a giant group chat. I count on my stream to interact with some of the most intelligent traders in the world.
They say Trump’s rise to the presidency is fueled on tweets.
So it’s powerful and valuable. But it’s been a terrible stock to own. I have tons of it. From higher.
And just when I thought they couldn’t do anything else dumb, I have to stop and wonder why the hell they opened an Instagram account and began running promoted content Thursday.
So far they’ve posted three punctuation marks and hashtag Statue of Liberty.
If Twitter is promoting their content in the traditional way, then they’re shelling out money to Facebook, owner of Instagram, and in return gaining one of the internet’s most highly coveted achievements—an audience. Usually these ‘followers’ are phantom accounts who produce little if any interaction.
Twitter has to know this. Why would they pay for it? Perhaps they didn’t….
Could Facebook be dropping subtle hints that they’re preparing to blob Twitter into their social media hedgemony?
Developing…
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