[HN Gopher] Twitter Held Discussions for $4B Takeover of Clubhouse
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       Twitter Held Discussions for $4B Takeover of Clubhouse
        
       Author : marc__1
       Score  : 18 points
       Date   : 2021-04-07 20:22 UTC (2 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | Firebrand wrote:
       | What caused this surge of products from Twitter lately? The
       | platform has been accused of being stale for years but then 2021
       | rolls around and now they have Clubhouse, Substack, and Patreon
       | competitors ready to be released. Were they repaying technical
       | debt before?
        
         | mandeepj wrote:
         | They were planning the roadmap (pun intended)
        
         | Traster wrote:
         | An activist investor came in (Elliot Management Corp) and
         | pointed out that they had failed to innovate for 5 years and
         | that their CEO had literally decided to go part time and move
         | to Africa. Twitter's share price has been absolute trash for a
         | long time and something needs to change. It has given them a
         | massive kick up the arse and they're trying to demonstrate some
         | new features and value.
         | 
         | It looks a lot like senior management at twitter was asleep at
         | the wheel. Frankly though, I don't think that any of twitter's
         | feature-a-like products are going to work, they don't have the
         | scale of facebook.
        
           | typon wrote:
           | Twitter stock price was $20 on Jan 1st, 2016. It is $70 on
           | Jan 1st, 2021. That's a 350% increase.
        
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       (page generated 2021-04-07 23:04 UTC)