Angel Investor Jason Calacanis Says Firing Twitter CEO Dick Costolo Is A 'Huge Mistake', Sees Huge Growth In Video Ahead

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Angel investor Jason Calacanis posted on his blog that “firing Dick Costolo” from Twitter Inc. TWTR “would be a huge mistake.”

Calacanis acknowledged that steady user growth does not seem to satisfy some investors. He predicts, however, that within 18 months of Twitter “releasing their YouTube competitor (coexister?), Twitter will at least double their monthly users, double their time per user, and triple their revenue.”

Calacanis claims that when the world’s top influencers “realize their followers on Twitter — the most loyal ones in the world — are rapidly consuming their videos they will become inspired to post more videos. These videos will be cross-posted to Facebook, played on CNN, and shared via the dark web (think email, SMS & message boards). When that happens Twitter will experience a second coming of user growth: people coming to passively watch videos!”

“When influencers realize that they can get 70 percent of the revenue from their videos posted on Twitter vs. 55 percent on YouTube, they will flock from YouTube to Twitter — where they already have a massive following. Now, Twitter has not announced their revenue split plans, but I’m 100 percent certain that they have been following my writing and that they know the most controversial issue for YouTubers is the abusive revenue split Google has forced on them.”

Calacanis concluded his post with a criticism of activist investors who look “to maximize their investment in weeks not years” as a reason “why companies are staying private as long as they can.”

Twitter Inc recently traded at $38.92, up 4.40 percent.

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Posted In: Analyst ColorNewsAnalyst RatingscnnDick CostoloFacebookGoogleJason CalacanisYouTube
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