Why are you letting Patreon build a business on Twitter?
Why are you letting Substack build a business on Twitter?
When will you help your Creators get paid?"
"Twitter was a customer acquisition engine for Creators, but that was all.
'Receiving nothing while giving much' may sound magnanimous, but it actually created a suboptimal user experience."
"If a user wants to deeply follow and support her favorite Creators, she has to track them all over the internet: apps, accounts, payment information, bespoke subscriptions, finding subreddits, etc.
Expensive, time-consuming, and frustrating. Friction, friction, friction."
"All of this engagement and potential commerce is catalyzed on Twitter, but then occurs away from Twitter. Super annoying!
That is all about to change. Today, Twitter dropped the gauntlet."
👆☝️🎇🎇👆☝️
Props to @kayvz, @dantley, @jack, @Derella, @sferik, and so many other Tweeps on the great work. Looking forward to seeing the fruits of your labors:
Spaces Discovery:
"When I tap the Spaces button, TWTR knows I'm ready for discovery. TWTR should immediately launch me into a Space that it believes matches my interests at that moment (this is also valuable promotional real estate). It should start automatically, like TikTok."
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Coffee + Wisdom shared by masters. I will thread highlights below: 👇👇
Berkshire’s resilience shines:
“We did, though, increase Berkshire’s per-share intrinsic value by both retaining earnings and repurchasing about 5% of our shares.”
Rare to see a CEO state unequivocally that IVPS grew. Frankly, it’s rare to even mention IVPS.
(Well, not "totally"...OnlyFans famously offers certain adult subscriptions that I suspect TWTR will not support)
2/
Spaces dicovery:
When I tap the Spaces button, TWTR knows I'm ready for discovery. TWTR should immediately launch me into a Space that it believes matches my interests at that moment (this is also valuable promotional real estate). It should start automatically, like TikTok.
3/
..but the train wreck that is post-deal SPACs is epic.
Each day the SPAC machine issues 5-10 more, driving future shorting profits to the moon.
🤑🚀💥
1/n
Post-deal SPACs skew toward 𝐡𝐨𝐫𝐫𝐢𝐟𝐢𝐜 company quality. The best analog is IPOs c1999.
With luck, SPAC-mania lasts for quite a while, REALLY stocking the pond.
We are going to witness Desperation Buying (TM) by sponsors, as they fight to deploy capital into shitcos.
2/n
Why Desperation Buying (TM)?
Sponsors either: get a deal approved & receive massive pay; or fail to get a deal & lose their sponsor equity, is a perverse incentive driving bad behavior.
It’s going to get MUCH worse, as this vintage matures.
🤮