Big Red Car here. Ahh, finally a bit of sun here in the ATX. Not going to be too warm but going to be very bright and sunny. And it is niiiiiiiiiiiiiiiiiice!
On Earth as it is in Texas, ya’ll!
So The Boss has been thinking about Twitter. He likes it as a communication mechanism while simultaneously musing as to how a company with no profits can command such a colossal market cap but that’s a discussion for another day.
Twitter [TWTR] has a market cap of $22B which is plenty again for a company with no profits. Is it a Groupon [GRPN] type head fake? We shall see.
What is not a head fake is the depth and magnitude of its influence on the world. That is real and profound.
When Secretary of State John Kerry had concluded a deal with the Iranians, he “tweeted” out that fact to the Twitosphere before even the news wires had picked it up.
Even more significant, Iranian President Hassan Rhouhani “retweeted” Secretary Kerry’s original tweet.
So, here we are, one of the most newsworthy reports of that day being tweeted and retweeted directly by the participants before the news services even picked it up. This is a historic change in the way such important information flows. It is a game changer and it is all because of Twitter which is the embodiment of American ingenuity and startup genius.
Just for the record, the Iranian deal will turn out to be one of the worst in the history of the world and there will likely be a few tweets about that when it all craters but we shall face that all another day. In the meantime, wow, Twitter, you have changed the world. Good on you!