Wednesday, 12 November 2014

Twitter is not the next Facebook





Twitter has been one of the most used and popular social media networking platforms in the past years. The company went public on the New York Stock Exchange one year ago and the move was triumphant. The company’s arch rival is known as Facebook which has kept on growing and growing with every single move. Hence, it will not be wrong to say that the user database of Facebook is twice or more better than of TWTR. The company’s main objective ever since it went public was to stop itself becoming the next Facebook.
Twitter officials believe that the company has achieved the objective in terms of IPO process as well as operationally. The IPO process of Twitter was smoother when compared to its bitter rivals FB but the company was not on par with its rivals Facebook operationally. The investors believed that Twitter will become bigger than Facebook. But on the page and according to results, it looks absurd. Twitter had 284 million active users at last count whereas Facebook had more than 1.2 billion. And now not many people believe that Twitter will ever close this gap.
Quartz say “although people were questioning Facebook’s strategy a year ago, it now dominates mobile advertising (alongside Google) and has already moved into moonshot mode: splashing out on a virtual reality headset maker and planning to deliver the internet to unconnected, emerging market regions through drones.”
Talking about statistics and performance, Twitter has disappointed on user growth, sacked its second most senior executive, hired a new CFO, and started improving the essence of its product. Twitter has had a problem convincing people to keep using its product. The company is in the process of shifting gears by selling the message that its footprint is much bigger than its active user base. Twitter says “Twitter wants to grow and monetize the vast numbers of people who view and click on all of those Tweets embedded into news articles and third-party applications. There are many more of them than active users.”

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