[deminature]

There's a good argument to be made that Elliot Management is right simply based on absence of stock growth over the past few years. Facebook has grown 200% while Twitter has had incredibly modest gains. That much of Twitter's little growth might be bot-related just compounds the validity of their argument.

Twitter can't even fall back on being a public good, as it is has supposedly been a large vector for foreign political interference, and they haven't taken nearly the drastic manual moderation steps that Facebook has to combat this (hiring 15k manual content reviewers [1]). Facebook received huge pushback from investors over this decision, but it looks pretty savvy in retrospect.

[1] https://www.theverge.com/2019/2/25/18229714/cognizant-facebo...