alt Hacker NewsThe thing is, Twitter is stuck. It's not growing, most likely it's shrinking. We also have no idea if it's profitable or not.
Twitter had a lot of engineers on its payroll to look for the next big thing.
If you give that up and keep a skeleton crew, sure, that works.
Most businesses don't want to become husks of their former selves.
Replies
9JollyOtter • today at 9:56 AM
> Twitter had a lot of engineers on its payroll to look for the next big thing.
What was the "next big thing" before acquisition? There seems to be more features added after the acquisition than before it.
At the same time, that quest for the next big thing is performative, it's theater for the investors, and exactly what I'm talking about.
It was objectively bad for facebook's net profits to pour over $10 billion into the metaverse, what they gambled would be the next big thing, but the perception that they were cooking up something new, even if that was a massive waste of money, was better for their valuation than the sense that they were just resting on their laurels.