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Friday, 13 January 2017

The best use case for Twitter is to delete it -Matt Levine

Levine destroys Twitter, en passant: Our favorite finance writer, Matt Levine, was away for the past few weeks. On his return to the Money Stuff column in Bloomberg View, he took a big swipe at Twitter, opening by saying: “Hi, I’m back! I was away on paternity leave for a few weeks, during which I deleted the Twitter app from my phone, which is the single best use case I have yet found for Twitter. Few internet products have ever given me as much joy as Twitter did, when I deleted it. I don’t know how Twitter can monetize that? Anyway now I’m back … The other appealing use case for Twitter seems to be to become president and then use the presidency, and Twitter, to pursue various revenge whims. That is monetizable, though apparently not by Twitter, and so of course: ‘This app will send you alerts when Donald Trump tweets about stocks you own.’ The app is called Trigger.” This was just the intro to his typically wide-ranging column. Levine wrote about how he believes Bridgewater Associates, a successful hedge fund, to be just “a computer that makes pretty good investing decisions, and 1,700 people whose job is to distract each other so that they don’t interfere with the computer’s investing decisions.” Levine also writes in his column about the insider trading case against Steven Cohen, index funds, and concerns about bond market liquidity, among other topics. On Tuesday, Levine wrote about a number of other issues including a brief, to-the-point explainer of Yahoo is doing by creating “Altaba” and why Uber might be “charging below its cost now.”

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