Founder & CEO at https://xitter.gq/t.co/Gh2l893J1a Building the future of messaging.
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Joined January 2008
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Amit Kumar retweeted
Fascinating chart/data point form my pal @charliebilello
Both Cisco and Nvidia had to pass $MSFT to become the largest companies (market cap) of all time...24 years apart.
The biggest takeaway for me is Ballmer sucked as CEO
This article is troubling. Unions like the Teamsters are prioritizing membership (dues, influence, power) over saving lives. Swiss Re compared Waymo's data to 125B human driving miles, and AVs are at least 300% safer than humans.
theverge.com/23981006/autono…
Amit Kumar retweeted
Tons of respect for any team that maintains a high velocity of shipping at any time, let alone under unprecedented uncertainty.
Amit Kumar retweeted
Citadel founder Ken Griffin sees one side effect of years of working from home: companies may find it easier to fire people trib.al/yRM7hHk
The strong opposition to self-driving taxis in California will sadly lead to more fatalities at the hands of human drivers, mirroring the anti-nuclear movement’s impact, which spurred the construction of coal power plants, resulting in increased deaths and suffering
Amit Kumar retweeted
Some (below) are arguing US capitalism would be better off if SVB had completely failed (also wiping out depositors). History suggests that out gov't treated big banks (2008) & big airlines (2020) FAR BETTER than SVB - in both cases fully protecting EQUITY shareholders. (cont)
Amit Kumar retweeted
*96%* of SVB's deposits exceeded the $250,00-per-customer FDIC limit and so are uninsured. That's wild (Bank of America's is 32%, PNC is 46%) and magnifies the risk of a run on the bank like the one we just saw
Amit Kumar retweeted
Three tips for closing more deals from @SVMansuri
1. Email is where deals go to die. Text messages are where deals get done.
Amit Kumar retweeted
It's interesting that software multiples are now at the 5 year average of 2014-2018. Maybe not cheap, but fully reverted from craziness of 18-21. Only the 5 highest multiple stocks have not reverted and remain 40% above 14-18, while < 30% growers trade below that 5 year average.
Amit Kumar retweeted
I love getting a WhatsApp notification because I never know if it's going to be ignorable spam or a critically important update from a colleague overseas
Why aren't you focusing on a solution to help these workers? Rather than personal brand building?
1/ Why protest outside of Facebook if the issue is with the custodial contractor SBM?
2/ Fastest solution to a contract violation is the NLRB. Why haven't you taken that route?
Janitors are on STRIKE at Meta (Facebook) buildings downtown. Dozens of the janitors have been laid off by the custodial contractor (SBM), in violation of their contract, without healthcare or severance pay. @local87seiu @sflabor
Zoom is feeling the same pain as Slack — battling for IT dollars against a free/bundled Microsoft (and in Zoom's case Google) alternative.
Zoom's strategy to combat the resulting drop in revenue growth is to erode goodwill with post-meeting pop-up ads...on paid accounts!?😠
Why don’t local service providers send
calendar invites? They are leaving money on the table. One of the important lessons I learned about SaaS sales was “no shows kill quota”
Example of a company & investors successfully creating a favorable narrative by comparing a metric that isn't comparable.
Time in app vs WhatsApp, Facebook, Instagram...bad comp...TikTok format takes longer to consume & produce...comp against YouTube would makes sense
This thread is bonkers…vp of product since 2018…the company is in the middle of a takeover because poor product execution led to underperformance!
And yet he claims to have done a great job…his lack of maturity & self awareness explain the poor product execution
Interrupting my paternity leave to share some final @twitter-related news: I’m leaving the company after over 7 years.
Aggregators of demand seems like a better way to frame search, food delivery, eCom, social networks, app stores, streaming services
Social networks made it easier for anyone’s message to reach a large audience. That power has led people to conflate the right to freedom of speech with their message reaching a large audience.
As an aside, the metaverse really is an existential crisis for Meta. There is a generation of children growing-up connecting with each other on Minecraft and Roblox. Investing heavily into the metaverse is the right move, but may not be enough.