Reed Hastings emails Peter Thiel | Twitter CEO on mobile video
Reed Hastings emails Peter Thiel
From: Reed Hastings
Sent: Sunday, August 14, 2016 6:36 PM
To: Peter Thiel
I appreciate that we can disagree and be direct with each other. I have our board Gordy feedback session tomorrow. I see our board being about great judgment, particularly in unlikely disaster where we have to pick new leaders. I'm so mystified by your endorsement of Trump for our President, that for me it moves from "different judgment" to "bad judgment". Some diversity in views is healthy, but catastrophically bad judgment (in my view) is not what anyone wants in a fellow board member.
I continue to experience you as very honest, well intentioned, and certainly very independent.
No response necessary, I just didn't to say this stuff behind your back.
This document was first reported by Nick Wingfield for The New York Times
Twitter CEO: mobile video is "up for grabs"
From: Dick Costolo
To: Twitter Board
Sent: 11/30/2014 12:20:22 PM
Subject: content strategy
I wanted to shoot you a note about a topic we can discuss more at dinner this week.
Having the team (finally) set up and working the way I'd long have liked it to work, I'm now turning my attention a lot more to our content strategy.
Before i dive into that, let me remind you of the strategy we've laid out for the company (and now our investors). We think of our total audience as a set of expanding circles that we define as (a) our core Monthly logged-in Twitter users at the center. These users create all the content that we use across our total audience, [REDACTED] (c) our syndicated audience across web and mobile, and finally, (d) all those users we reach through Fabric and other apps (currently Vine).
Across these circles, we have a roadmap that's focused on three objectives:
1. strengthen the core. make sure we're adding the kinds of capabilities to twitter the product that keep pulling people toward the center
2. reduce the barriers to consumption. Make it easy to get immediate consumption-first experiences when you come to twitter, logged-out or logged-in. Make it easier to syndicate twitter content and timelines across the web and mobile landscape
3. deliver other applications and services that both expand our total audience and reinforce the value of Twitter to that audience.
I think we have a great product roadmap against these objectives, and i think we've got a smart approach to developing a mobile services platform in Fabric that will really allow us to monetize the entire mobile ecosystem over the long-term, but as we think about 2015 and 2016, i feel like the one big piece we are missing is an expansive content strategy. We have a content strategy, for sure, and that includes both making sure we have a media team and Adam Bain's media team that's focused on driving world-class global content to our platform. But I think this strategy is primitive and misses a bigger opportunity regarding the likely direction of the mobile landscape. Specifically, (a) the winner of next-generation mobile video is totally up for grabs. It's not likely to be youtube, as they have to-date botched their leadership advantage here. Facebook has a big early lead but none of their products are yet video-centric. Snapchat can be a player here but they're so far less about being a pure video solution and more about stories, which are working extremely well for them (we know they have big 3rd party news and content relationships coming in january). (b) We know people like to increasingly communicate through media, not just around media (stealing Snapchat Evan's term for this phenomenon, which i think is well-put).
I'm putting together some detailed thoughts on a more robust content strategy, but I wanted to give you all a heads-up on some early direction that I'm pushing with the team. First, we have talked at previous board meetings about live video. There are tons of great twitter use cases for people being able to simply open up their camera and start broadcasting to twitter what they're seeing. Musicians backstage before a concert, reporters on the scene in Ferguson or in Hong Kong or Syria, Neil Patrick Harris walking out on stage at the Oscars, etc. While we have been working on threading this capability into the product roadmap, we've discovered a pre-launch startup that has done beautiful work on *exactly* this capability (it's Yevvo done much much more elegantly, for those of you familiar with that app). We're going to push hard to acquire this company, and the strategy would be to keep it both as a stand alone app that anybody could use, but quickly integrate it deeply into Twitter for verified accounts. This is an awesome Twitter use case that we think is really going to resonate for both engagement and consumption-first experiences, so we're excited about this company and team, and you'll hopefully hear more about an offer in the very near future.
Secondly, while we have a growing population of Vine stars leveraging Vine and seeing great commercial success, today these stars have to leverage non-twitter properties in order to get maximum reach and show off all their talents. Lots of their Vines are captioned "for the full video, go to ..." and either point to youtube or facebook. These are creators who should be able to thrive from short form to longer form on our own platforms. So, we need both product capabilities that allow them to do that and a better way of curating and interacting with content creators as their needs change...from vine stars, to youtube multi-channel networks, to professional content (chernin's summer break, sony's comedians in cars getting coffee, funny or die's Between two ferns).
If we're going to be the dominant force in next-generation mobile video, we need both new and innovative kinds of content (live broadcasting from your device) as well as a full suite of products and services for content creators through their lifecycle.
To be sure, we aren't going to go compete with Netflix or Amazon, as much as Harvey Weinstein may pitch us otherwise. We're not going to go license the rights to full-length series, etc. We're not going to launch our own reality programs. I'm interested specifically in the mobile landscape and how it evolves around the two trends I mention above. Live broadcasting captures the next-generation news segment as well, making it particularly compelling for Twitter.
I'm talking to a number of people who've worked on content strategies in the media industry, and I'll be speaking to all of you a lot more about this in the coming weeks. We'll talk about it some with Adam Bain and Katie at dinner on Wednesday as well.
[This document is from In re Twitter Inc. Securities Litigation (2022).]
Previously on @TechEmails
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