In the long run, said Max Wolff, a senior analyst at Greencrest Capital, even a hiccup of these headline-making, outrage-fanning proportions won’t impact Twitter’s bottom line or its potential IPO.
“I don’t think this bump in the road is material,” Wolff said. “If it’s not fixed in three months, we have another conversation.”
For months, pundits and analysts including Wolff himself have predicted Twitter will go public within the next two years. Signs to that effect abound. Twitter made a number of management moves in December, naming Ali Rowghabi chief operating officer and hiring Mike Gupta as chief financial officer. The company sold an $80 million stake to BlackRock last week.
To top it off, the popular social network, currently valued at $9 billion, tuned up its photo capabilities to compete with Instagram and launched the new video service, Vine, on Jan. 24.
Read also:
Porn Appears in Twitter's New Vine App (ABC News)
Twitter Plants A Tangled Vine (Huffington Post)
Twitter's Vine video-sharing application hit with hard-core porn problem (New York Daily News)
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