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Twitter Is Here To Stay

TechCrunch TechCrunch 5/05/2014 Ingrid Lunden

Rakesh Agrawal’s-trashing tweet disaster — and the subsequent chicken/egg story of whether he — was a slightly surreal turn of events for a company whose most explosive story over the last six months has been whether a notorious corporate raider was going to get his way and it from eBay (he ).

To be honest, I don’t think the incident told us much about PayPal or Rakesh Agrawal that we might not have deduced on our own. Agrawal does not mince words in public forums and on Twitter — it’s kind of his thing. In fact it’s .

And — shocker — in large corporate structures you have people who loathe each other. And they don’t waste much time stabbing each other in the back over it.

The scandal highlighted something else, however: for about how Twitter doesn’t seem to have as much reach as, say, Facebook, and that it seems to suffer from a growth problem, it still matters.

At the end of the day, Twitter is still a game changer, a platform that, if or when something happens on it and it’s big, it will make people jump, and things move.

Rakesh unceremoniously trashes PayPal where? On Twitter. World reacts.

And where does PayPal put its own statement dismissing him? On Twitter, too.

(Okay, maybe he quit . PayPal wouldn’t acknowledge that he did. This is a corporation, with formalities and all that.)

, is the expiration date for the Twitter’s lock-up, when employees and other shareholders, who have been prevented from selling their post its IPO, can now do so.

Given the knocks Twitter has had on  recently, there has been some that we could see a big share sell-off of shares tomorrow, resulting in a drop in the company’s stock price.

This may end up being the case, but for all the ground that the company has not managed to cover in its business so far, it has demonstrated that it is a must-read .

And and .

And .

As long as people keep getting fired for things they tweet, $twtr is a hold.—
Alexia Tsotsis (@alexia)

(Alexia owns Twitter shares; I don’t but I still agree with her.)


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