Both. I can't imagine a company being so successful and so influential being badly run.
Of course, if someone uses a moral, ethics, or personal political and societal view to judge if a company is well run, then I agree it may appear to many people that Twitter is badly run. But if we take a company valuation and consider the time it took it to achieve it, it's certainly one of the best run companies.
> I can't imagine a company being so successful and so influential being badly run.
I'd argue this is a failure of imagination more than an endorsement of Twitter. Twitter has inertia - it's going to keep going until it literally can't, and that doesn't mean it's been run well.
It's been chaotic there since acquisition, with major policies being changed on a whim and then retracted and whole functions of the company disappearing entirely or almost entirely. Major news outlets are dropping their twitter presence, and stocks have dropped - if you define that as "good" management, what would bad management even look like?
Of course, if someone uses a moral, ethics, or personal political and societal view to judge if a company is well run, then I agree it may appear to many people that Twitter is badly run. But if we take a company valuation and consider the time it took it to achieve it, it's certainly one of the best run companies.