We would like to apologize to all our members who are waiting for Twitter accounts, and we need to straighten something out. There is a significant drought going on in our Twitter department, and this isn’t necessarily our fault. Back in November 2016, we reported that Twitter is undergoing serious problems such as layoffs, shutting down services (Vine.co), and an overall drop in activity. This forced us to drastically drop our purchase prices, due to the decreased buyer demand. Twitter buyers are now afraid to invest any substantial money into the platform, thus forcing us to lower our offers. On the other hand, it seems that Twitter sellers didn’t get the memo yet, and they are clinging to the prices before Twitter started to report problems. This causes a supply issue, as our company will no longer pay premium prices, and sellers aren’t willing to sell for less. Even though we still get the same amount of Twitter leads as at the beginning of 2016, the amount of successful negotiations is nearly zero. On top of everything, recent reports claim that over 15% active users on Twitter are actually bots. That would mean that nearly two out of every ten Twitter users are artificial bots used for spamming purposes.
Dorsey is the CEO of both Twitter and Square. He returned to Twitter as boss in 2015 after former CEO Dick Costolo stepped down. The entrepreneur has been under pressure at Twitter recently because of fairly stagnant user growth and continued issues over the number of bots on the platform, which is estimated to be around 15 percent of the current 319 million monthly active user base.
There have been calls for Twitter CEO to step down, thus causing more mayhem for the company. We will still keep our stance and consider Twitter accounts a risky investment, so if you’re a willing seller, you will need to accept the fact that your asset may no longer be as valuable as it once was.