Twitter’s investor concerns are journalists’ concerns

Twitter CEO Dick Costolo has said user growth is a priority as the social network tries to reassure investors. (Photo: Flickr user Joi under CC)

Twitter CEO Dick Costolo has said user growth is a priority as the social network tries to reassure concerned investors. (Photo: Flickr user Joi under CC)

As mentioned in Sunday’s blog post, Twitter reported its fourth quarter earnings last week. The social network had 288 million monthly active users according to its earnings release, with 80 percent of the active users using mobile apps.

One of the primary issues that investors raised with Twitter CEO Dick Costolo and his managerial colleagues was that of user growth. Prior to the release of the earnings information, it was announced Twitter would enter a partnership with Google, to allow tweets to appear real time in searches.

Indeed, as the New York Times reported last week, Twitter executives are keen to emphasize that the reach of the social network extends beyond the usage of the network itself, be it on desktop or mobile, noting the appearance of embedded tweets, something frequently used on a number of news sites.

There are similarities with this strategy with the Google deal, however it is unclear when the Google-Twitter partnership would begin. Costolo, as reported by the Times, said it may not occur for at least a few months.

But as the concerns continue surrounding user growth, what does this say for Twitter’s long standing relationship with journalists and newsrooms? Could social strategies be thrown into question? Or, as Twitter executives attempt to prove the reach of the social network beyond its own services, could news organizations perhaps be part of the solution?

Twitter provides a distinct advantage for news organizations because it works in the nature of what is happening at the moment. It allows for an expansion of the relationship between audiences and news organizations. While it is unclear as to how the social network’s strategy will play with users, Twitter will need to be cautious on how they approach such a strategy in getting users.

Some features may work, others may not. Some may draw users in, others may run and never come back. That could include newsrooms, as they would reconsider what their best plans would be when it comes to social. The simpler the platform, the better the ability for quality interaction, whether it comes to UGC for a story or the ability to engage with the audience, no matter the beat.

Dick Costolo has a lot to consider as the weeks and months go ahead, and the decisions he makes on Twitter’s future is riding on not just whether he can restore the trust of investors, but users, and ultimately, journalists.

Alex Veeneman, a Chicago based SPJ member, is chairman and blogger at large of SPJ Digital, and community coordinator for SPJ. Veeneman also serves as Deputy Editor, Media Editor and contributing writer for Kettle Magazine, an online publication in the UK. You can interact with Veeneman on Twitter here.

The views expressed in this blog post are that of the author’s, and do not necessarily reflect the views of the SPJ Digital executive, the board and staff of the Society of Professional Journalists, or its members.

Tags: , , , , , ,

Defending the First Amendment and promoting open government are more crucial now than ever. Join SPJ's fight for the public’s right to know — either as an SPJ Supporter or a professional, student or retired journalist.


Twitter Facebook Google Plus RSS Instagram Pinterest Pinterest LinkedIn

© Society of Professional Journalists. All rights reserved. Legal

Society of Professional Journalists
Eugene S. Pulliam National Journalism Center, 3909 N. Meridian St., Indianapolis, IN 46208
317/927-8000 | Fax: 317/920-4789 | Contact SPJ Headquarters | Employment Opportunities | Advertise with SPJ