Posts Tagged ‘IPO’
The Guardian’s Nonsense About The Twitter IPO Cash
IT would appear that The Guardian is simply entirely ignorant of how this creative destruction stuff of capitalism works. Commenting on the Twitter IPO that made loads of millionaires they wonder why we the customers didn’t get any cash:
Finally, look at Twitter’s business. Or rather, look at its own assessment of its business, as stated in its S-1 stockmarket filing. Early on comes the delicious admission: “Our success depends on our ability to provide users of our products and services with valuable content, which in turn depends on the content contributed by our users.” Read that again: Twitter is in the business of selling us to us – our news and views and idle banter. Without those, without us, it is nothing. As with Facebook and Tumblr and all the other social media, we’re also part of Twitter’s workforce. But I bet you haven’t seen any stock options, either.
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