NEW YORK (TheStreet) -- Twitter (TWTR) stock closed down 1.6% Tuesday. Not unusual, but not a good sign for shareholders in the Dick Costolo-led social media poser, particularly on a big rebound day for high-flying tech stocks.
I love Twitter the service; however it has its share of problems as a consumer/advertiser-dependent business.
Bearish takes differ depending on who you talk to (see, for example, this hack or TheStreet's Herb Greenberg), but many hold water and point to a company that hasn't quite figured out how to innovate past the evolution of Jack Dorsey's original idea (assuming it was actually his idea).
I have a solution that A) might sound crazy now, B) probably won't sound crazy if TWTR shares continue to free fall out into nothin' and C) I suggested as early as November 2012.
I don't quite understand why Twitter and Facebook haven't talked merger or, at the very least, partnership to this point. It makes perfect sense. If ego has stopped the two from getting together, that's just dumb. From a business standpoint, they're both doing investors a disservice.
If Comcast (CMCSA) can buy Time Warner Cable (TWC) ... if apparent rivals Rogers Communications (RCI) and BCE, Inc. (BCE) (formerly Bell Canada) can combine forces to purchase Maple Leaf Sports and Entertainment in Canada, a young punk (I mean that in a good way) and an in over his head CEO (I mean that in a not good way) can make a Facebook-Twitter tie up take place.