Twitter the company is in trouble, but Twitter the platform I believe will live on.
Twitter the company is in dire straits.
They’ve raised too much money, floundered with product improvements, squandered their acquisitions, lost too much money and finally tried to sell themselves only to have no one want to buy them.
Partly because of their spam/abuse problem and seeming complete lack of ability or desire to fix it.
But, Twitter the platform is something meaningful and incredible. It’s like nothing else on the web – something that a dedicated userbase is glued to almost more than any other service online. If you ignore the abuse problems it’s almost a public good.
I’m personally invested in Twitter – I’ve been a user for almost 10 years and it’s the app I use on my phone more than any other. Venkatesh Raothat captured the spirit of Twitter better than any I’ve seen:
1/ Hypothesis: there are technologies so basic that they serve as prequels to economic organization and utility vs. private type end-game debates
2/ Possible examples: Craigslist, Twitter, Unix shell. One maybe: Wikipedia. They are all sui generis and defy analysis within categories
3/ They are destined neither for commodity status as private sector technologies, nor for utility status as public services.
4/ What they do instead is create frontier land, sparking land-grab economic races.