While I was sitting here waiting on my Twitter ban to expire, some news came across the wire about the service itself. As it turns out, they’re going to keep their co-founder Jack Dorseyon as CEO. He’s been focusing on turning around their somewhat-sinking ship, as I’ve talked about here on these pages a couple times before:
Twitter was hit with a massive selloff on Wall Street after a disastrous earnings call where the company admitted that they were in a turnaround. Although actual earnings were a tad higher than expected, the CFO’s words on user growth sent investors headed for the doors.
Here’s an excerpt from the second report I did a couple days after that one:
It’s not a good sign when your almost decade-old company can’t figure out what they’re actually selling . Also note that only a few people “cling” to the notion that the site is about free speech. Fucking cowards. I don’t like where this is headed at all. Neither does Wall Street, now that I mention it…
Good question. I guess it’s because the company has a bunch of incompetent shitheads at the helm. The article finished up by speculating that a company like Google might scoop them up and run with it. I’d love to see that, personally (Disclosure: Google pays me). I think they would almost certainly do a better job at running things. What do you guys think, though? How would you improve the service and help it grow? If you hate Twitter and never use it, explain that as well. I’d like to hear your thoughts if possible.
Dorsey has not been content to just sit back and fail to innovate. He’s been behind several recent pushes, including the rumored character-limit hike that’s supposedly coming soon:
Twitter is building a new product that will allow users to share tweets that are longer than the company’s 140-character limit, according to multiple people familiar with the company’s plans.
It’s unclear what the product will look like, but sources say it would enable Twitter users to publish long-form content to the service. Users can already tweet out blocks of text with products like OneShot, but those are simply images, not actual text published on Twitter. A Twitter spokesperson declined to comment…
In addition to the long-form product, execs have been openly discussing the idea of tweaking how Twitter measures its 140-character limit by removing things like links and user handles from the count, multiple sources say. In the past, Twitter has tinkered with the limit in other ways. Twitter Cards are still beholden to the 140-character limit but are intended to help people (and advertisers) share lots of information, and Twitter added a “retweet with comment” option in April to give people more room to comment on tweets they share. The company also lifted the 140-character rule on private messages back in June.
Building on that, here’s the reasoning behind today’s move to remove the interim tag from Dorsey’s CEO spot:
Twitter co-founder Jack Dorsey, who has been serving as interim CEO for the past three months, is expected be named the company’s new permanent CEO as early as tomorrow, although that timeframe may change, according to sources. Dorsey will apparently continue to run Square, the payments company he founded where he’s also CEO…
Twitter has been in the midst of a high-profile CEO search since Costolo announced he was stepping down in early June and Dorsey took over in the interim. Dorsey has always been a serious candidate for the job, but few believed that he’d ever leave Square, which recently filed for an IPO, in order to take it. The CEO search committee complicated matters in mid-June by stating what seemed to be obvious: That the Twitter CEO role was a full-time job. In other words, Dorsey would have to choose between the two companies. That declaration, as it seems to have turned out, has been an empty one…
There’s much to be done at Twitter, which is going through arguably the roughest stretch in the company’s history (which is saying something). The stock hit an all-time low in late August, and those close to the company are concerned about a lack of product vision coupled with the recent departure of three top product executives. Twitter’s product team has since been restructured, with Jeff Seibert, who was running Twitter’s developer products, now in charge of Twitter’s core flagship product instead.
For those of us that follow the Twitter shithole, this is big news. I think they’re probably doing the right thing by giving the gig to Dorsey. I will say this, though: they need to stop being such bitches and listen to what Janet Bloomfield told them here on my site a couple months back. People come to Twitter in order to be entertained by the notable accounts doing battle. This pussy banning shit needs to end. Yes, I’m glad they didn’t suspended my account today, but for real, a 12 hours lock twice in one month? It’s lame as hell. Anyway, I’m gonna go get ready for this stream, and work on another couple posts. Also, I’ll have a Milo/Joe Rogan post coming up, in case you guys haven’t heard about the stream they have going on today.