Do you think this attention will increase or decrease Twitter users?
.... he has a duty to maximize shareholder wealth, which he is not doing and has not been doing for years.
Do you think this attention will increase or decrease Twitter users?
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You have asked the bottom line question, I believe. I believe that Jack Dorsey thinks he is increasing Twitter users; and very short term who knows? But over any investor time horizon, say one year or longer, his actions in the past few days have effectively destroyed his platform and pummeled his brand.
I also believe that the damage can be reversed 80% if the board fires him and backs off of this nonsense. If you’ve been following Nancy Pelosi (heaven forfend!), she is not appeased by Dorsey’s actions and is attacking him and every similar Silicon Valley outfit for not taking a harder line. So Dorsey has only succeeded recently in stirring up the left’s hornets nest and alienated every centrist or right-minded voter. This is a NO WIN for Twitter and Dorsey.
Also, if you follow Twitter’s stock price, it has been up quite impressively since February. But don’t be fooled. It’s not because Dorsey is doing well. On the contrary, the stock price rise can be attributed directly to an agreement that Dorsey worked out with hostile investor Paul Singer (Elliott Management) to raise the stock price or hit the road.
Dorsey’s days are numbered. We would do well in our section of the ideological universe to apply a modest amount of pressure to have him cashiered.