From the outside looking in Twitter appears to be doing great, 400 million people use the site on a monthly basis and they recently raised $800 million, that’s why it was surprising to learn that a major investor has unloaded a large portion of their shares.
According to the investor:
“I like the guys at Twitter. They’re still pushing ahead on acquisitions and business development,” while adding, “But the problem internally at Twitter is that it is going through major growing pains.”
While growing pains are normal at rapidly growing company the investor says:
“There’s the question, do I focus on users, or do I focus on business?…And the thing that falls to the wayside is internal management. A lot of people [at Twitter] don’t know who they report to; they don’t understand who’s responsible for certain deals. That’s the stuff that ultimately makes companies crumble from the inside.” [Read more…]