Wednesday, December 21, 2016

Did banning Glenn Reynolds kill Twitter?

Glenn Reynolds of Instapundit made a joke on Twitter, whose censors (and yes, censorship is not limited to government) banned him on September 22. After it became obvious that a joke is a joke is a joke, Twitter re-instated him.

This followed the banning of Robert Stacy McCain, Milo Yiannopoulos, and other conservatives. Only conservatives get banned.

Re-instated, Reynolds decided to stop providing as much free content to Twitter, a move other conservatives followed. He kept his account but only to promote his site. Free advertising.

Twitter stock closed at 21.94 on September 23 and showed no ill-effects until this week, when an analyst busted on the company. Seems a lot of key people are jumping ship.

This happens when your CEO plays Social Justice Warrior: your company goes to pot.

Banning Instapundit was a symptom of deeper stupidity.

From CNBC:
Twitter is "toast" as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service.
The microblogging platform's chief technology officer, Adam Messinger, tweeted that he would leave the company and "take some time off", while Josh McFarland, vice president of product at Twitter, also said he was exiting the company. Both executives announced their departure on Tuesday.
Meanwhile, last month, Adam Bain stepped down as chief operating officer last month to be replaced by chief financial officer Anthony Noto, who has yet to be replaced. Twitter has also lost leaders from business development, media and commerce, media partnerships, human resources, and engineering this year.
The departures prompted Trip Chowdhry, the managing director of equity research at Global Equities Research, and a noted "uber-bear" on tech stocks, to issue a note on Tuesday claiming Twitter is "toast" and "not even a $10 stock"
Twitter is "toast" as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service.
"Many investors were foolishly building (an) investment thesis based on complete stupidity," Chowdhry wrote.
Twitter's share price closed at $17.92 on Tuesday. A $10 price tag would represent a more than 44 percent decline in the U.S. technology company's shares on Tuesday's closing price. It's not the first time that Chowdhry has said that Twitter could fall to $10. In October, the analyst said that next year, the fall is likely to take place.
The purpose of a business is to make money. Period. Social justice is what you do in your spare time.

Much as I do not like the politics of Jeff Bezos, he is smart enough not to ban McCain or any other conservative author. I will do business with Amazon as long as I sell books there. If not, I will make another arrangement. Nothing political, just business.

@@@

Please read "Trump the Press," in which I skewer media experts who wrongly predicted Trump would lose the Republican nomination. "Trump the Press" is available as a paperback, and on Kindle.

For an autographed copy, email me at DonSurber@GMail.com 

28 comments:

  1. I never really got into "social media" in the first place. I have a Facebook account just so I am able access other accounts when necessary for work. The only person I follow on Twitter is Iowahawk. I have no experience with or desire to visit any other of their ilk. - Elric

    ReplyDelete
    Replies
    1. Only governments censor, and Twitter has every right to ban conservatives, and to collapse as a result. The confusion arises from the fact that we now have a handful of dominating platforms, Facebook and its fake news jihad chief among them. Trump's FCC could call them common carriers and restrict their restrictions, or we could let them proceed with their folly until they are replaced by wiser competitors.

      Delete
    2. No, only the government violates your first amendment rights. Free speech is a cultural value and stifling your speech is censorship no matter who does it.

      Delete
  2. What is this thing, "Twitter"? Is it like Tweety Bird?

    ReplyDelete
    Replies
    1. Yeah, but this time, Sylvester wins.

      About time, too.

      Delete
  3. https://gab.ai/home

    ReplyDelete
    Replies
    1. Apparently they have a long waiting list now, though. Fortunately I got in early.

      Delete
    2. It only took about 5 days for me to join last month.

      @Xias on gab.ai

      Delete
    3. It took five days last month? I signed up in September and am still waiting. They don't respond to emails either. I was wondering if they still exist.

      Delete
  4. The Leftard business model.

    Step 1
    Step 6
    Steps 7, 8, 9, 11

    Interestingly, it looks a lot like a Leftard falling down the stairs.

    ReplyDelete
  5. Twitter bans conservatives, but does NOT bother going after Islamic terrorists and their supporters.
    Makes me sick (and I am Muslim).
    I hope and pray the families of the victims or the Orlando nightclub massacre win their civil suit (not that it will undo the tradegy).
    I cannot express enough my disgust that fakebook, gaggle and tooter censor those on the right while allowing extremists to broadcast their hate and worse.
    libby

    ReplyDelete
    Replies
    1. Too bad Google changed so gradually most people didn't notice when they removed the word "Do" from their slogan "Do no evil".

      Delete
  6. Twitter is for bird brains. ;-)

    ReplyDelete
  7. It's fashionable to hate conservatives. Not smart, but fashionable.

    ReplyDelete
  8. Both TWTR and Gab are toast since the election, and especially since the 19th. On Gab, #MAGA routinely trends with less than 1K. People are doing other things now for the most part by hanging out and writing novelettes in the comment sections of their favorite blogs.

    A shocker's definitely coming when Alexia comes through for Dec on the social media.

    ReplyDelete
  9. Twitter shot it's feet off with a 105mm howitzer. They should aim higher next time.

    ReplyDelete
  10. Twitter is a dead stock. If you're in, get out. If you're not, short it hard. I am not a fan of shorting stocks but in this case it seems appropriate.

    ReplyDelete
  11. Prof. Reynolds has a lot of admirers.

    ReplyDelete
    Replies
    1. He is called the Blogfather.

      -Mikey NTH

      Delete
    2. I love Big D and I love Glenn too. They are people who know what they're talking about. Increasingly rare commodity these days.

      Delete
    3. I think it's going to be an increasingly common commodity come 1/20!!
      -Fred

      Delete
  12. Best thing about Twitter is it enables Twitchy to show how ignorant the vast majority of the left is.

    ReplyDelete
  13. Yes...tens of thousands of people basically stopped using twitter after Glen was banned.

    ReplyDelete
  14. If enough traders short the stock it will fall!

    ReplyDelete
  15. Don't forget the same rules apply to Kellogg.

    ReplyDelete
  16. i love your posts and i'm in Dubai and we are looking for best Indian Escorts in Dubai if you have best Escorts in Dubai then please let me know.
    Indian Escorts in Dubai
    Pakistani Escorts in Dubai
    Call Girls in Dubai

    ReplyDelete