I feel like a lot of repliers missed my middle paragraph? Or maybe don't know what I mean by "very pointy questions about their conversion rate"?
In the short and medium term there's no hope of covering their previous revenue with an $8/mo plan. Long term is murkier, because it includes questions about what other services they may provide for that.
Cutting expenses and growing revenues is at least moving those two things in the right direction but it remains to be seen whether they can bridge the gap. Were we having this discussion in 2018 I'd now say something about how the market seems to be willing to let those gaps go, but here in late 2022 heading into 2023 that's a much harder argument to make.
Then again, for the same reason, a case could be made that Twitter was in trouble regardless. Stock price was already on its way down. It is not clear that there is a solution, period. There is no guarantee that Twitter can exist, recognizable as what we currently think of as "Twitter", without investors willing to close their eyes and imagine what could be, rather than opening their eyes and seeing what is. There is no guarantee that social networks at scale can function on their real revenues, in an environment without effectively 0%-interest funny money. Especially if a recession also starts lowering the ad budgets of other companies. There are some significant diseconomies of scale as you try to scale up one centralized "community", and I remain not entirely convinced this is actually a viable market niche.
In the short and medium term there's no hope of covering their previous revenue with an $8/mo plan. Long term is murkier, because it includes questions about what other services they may provide for that.
Cutting expenses and growing revenues is at least moving those two things in the right direction but it remains to be seen whether they can bridge the gap. Were we having this discussion in 2018 I'd now say something about how the market seems to be willing to let those gaps go, but here in late 2022 heading into 2023 that's a much harder argument to make.
Then again, for the same reason, a case could be made that Twitter was in trouble regardless. Stock price was already on its way down. It is not clear that there is a solution, period. There is no guarantee that Twitter can exist, recognizable as what we currently think of as "Twitter", without investors willing to close their eyes and imagine what could be, rather than opening their eyes and seeing what is. There is no guarantee that social networks at scale can function on their real revenues, in an environment without effectively 0%-interest funny money. Especially if a recession also starts lowering the ad budgets of other companies. There are some significant diseconomies of scale as you try to scale up one centralized "community", and I remain not entirely convinced this is actually a viable market niche.