This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Twitter: The Bruce Springsteen of Social Media

NEW YORK ( TheStreet) -- I need to clear up some confusion.

Why Twitter Will Live and Facebook Will Die will go down as one of my most well-received articles of all time. Between it's original publication at TheStreet and rebroadcasts at CNBC and Forbes, it has been shared thousands of times across social networks.

Initially, the response surprised me. But then, I thought about why an article arguing that Twitter will outlast Facebook (FB - Get Report) would resonate so strongly with so many people. I came to three primary conclusions:

Facebook Hate

A general hatred towards Facebook exists in the public opinion marketplace.

The media deserves credit for this.

Prior to the IPO, news outlets ran with the fluff storyline: The Facebook IPO will turn millions of the social network's users into investors.

As it did leading up to the housing crash, the media failed to critically assess the situation. Most reports on the IPO implied Facebook could do nothing but go up. Outside of CNBC and several financial and tech websites, I don't think any mainstream outlet reported the obvious warning signs, such as risks in the S-1 or the inevitability of insider selling.

When the Facebook story did not play as scripted, the media turned on its revenge reflex. Facebook became the object of intense scorn.

Looking back, it's only natural that thousands would rally around any association between Facebook and death.

I Nailed It

I will write a separate article on this. It deserves one.

But, in a nutshell, I nailed an emerging, if obvious trend. Twitter is truly becoming the modern-day version of the newspaper for an exponentially growing number of people.

The Notion of Long-Term

We all have different conceptions of time. Long-term might mean a few months to one person, a few years to the next and a couple of decades to another. Personally, I use all three classifications. It depends on the circumstances.

In most of the articles I write, particularly ones that focus on buying and selling stocks, I define long-term as a few years. When I attempt to envision the future, I usually categorize long-term as longer than that. In a discussion of longevity vis-a-vis Twitter and Facebook, we're talking something closer to 10 or 20 years.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $117.58 0.00%
LNKD $125.31 0.00%
MCD $126.49 0.00%
P $9.93 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs