Twitter is a company I have written a lot about over the years.
Lately ‘the stock’ has had a great run.
Matthew Ball had a great Tweetstorm about the value of Twitter which investors should read.
An old ‘what is a platform?‘ couple of tweets stood out:
16/ @Benthompson talks about the famous “Bill Gates Line”: A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it. Then it’s a platform.”
17/ For years, $Fintwit joked that Twitter is the best example or a platform (and therefore the worst business) because the value it creates is so, so, so enormously above what it captures. And it’s growing. Reason why @DanielSLoeb1, @plaffon and SAC joined Twitter last 6 months
It is always very gratifying seeing great investors discover Twitter’s ($fintwit) magic more than 14 years after I did and was inspired to start Stocktwits…this time Dan Loeb:
I still believe Twitter is a poorly run company, but you can hide a lot of slippage when the markets are bidding ‘rare digital assets’ to the moon… and Twitter’s rare, digital platform is priceless at the moment.