Twitter has top-ticked*


(A catch-up post after a week of travel.)

When I saw that Twitter was on the cover of Time, I couldn’t help but remember a long, long ago post on this blog where I linked to a quote from Forbes publisher Rich Karlgaard:

“At Forbes we like to say that when a story appears on the cover of Time of Newsweek, it is “top-ticked.” Which means, if Time or Newsweek declares a new trend, the trend has peaked. If Time or Newsweek loves a hot stock, sell.”

I should point out that the context of the quote was a 2005 post in which Karlgaard was pointing out that during a week in which Time and Newsweek both declared the Bush presidency “dead,” his popularity had risen. Of course, we now know that the “top-tick” rule didn’t work that go ’round — and in the end, the dead presidency didn’t rise.

*The title of this post in a homage to my friend Steve Rubel who declared with amazing accuracy the exact moment that Twitter peaked back in March, or, a few tens of millions of users ago.

  • Gregory

    So are you, and others, saying it is downhill from here for Twitter? I still see tremendous potential, but I’m not so informed as to write a blog on technology.

  • @gregory – I think I was joking.

  • i think twitter’s rate of growth will slow, and is slowing

    the oprah/ashton thing is behind it, thankfully, and it will be back to a more normal growth rate

    but steve is going to regret that post

    i think he already does

  • @fred – I think Twitter has a long way to go before anyone (even its owners) knows how far it can go. (For those who don’t know, when it comes to the current generation of startups: Fred is the Tiger Woods of venture capitalists. His firm led the first-round venture financing of Twitter.)