Users Complain Twitter Is Trying to Be Facebook
Twitter’s (NYSE:TWTR) retweet button is transforming into share button, similar to Facebook (NASDAQ:FB). In fact, it may be one of many upcoming changes to Twitter to make it more profitable by becoming more like Facebook.
Twitter went public last year. Its successful IPO raised more than $2 billion for the company. Since then, the social media platform has been looking for ways to increase its traffic as a way to improve the now public company’s reputation on Wall Street. One way the company has done that is to introduce new features. Some of these new features are similar to Facebook, prompting some critics say that Twitter is becoming like Facebook.
Eric Jackson, a contributor to Forbes, wrote a post that said Twitter is “killing itself,” becoming a clone of Facebook, a change he as a Twitter user does not like. He argues that trying to become like Facebook could actually backfire on the company.
“It’s madness to try and dilute Twitter down into a Facebook clone. Costolo and the board might “think” that’s what Wall Street wants from them, but guess what Wall Street will do to the stock if the core Twitter users start disengaging en masse? If you think they have a growth problem now, just wait. All the Wall Street friends who wanted Twitter to grow more will turn around and start selling the stock because of rapid disengagement of Twitter’s core users,” he wrote.
The retweet button change is currently affecting some users that tweet using the mobile app version of Twitter right now. Twitter’s most recent update included changes to uploading photos onto the mobile version, another change that is similar to Facebook and Facebook-owned photo app Instagram.