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The Top Ten Reasons You Sold Stocks on March 9th, 2009
Transparency is certainly an important principle of the social web, but not an immutable one. The guiding principle I like is "what value am I creating for the user?" Soren's comment suggests that defense outweighs transparency in terms of user value in this case.
To give even more value to your community, you can certainly say, "we're doing our best to fight spam. if you think we're doing a good job, ping me and I'll tell you how we're doing it. If you think we could be doing better, ping me and give me some suggestions!"
But to use your example, maybe it was a lack of strategic awareness that failed twitter in combating spam.
On the one hand, if twitter restricts their platform too much, it affects everyone. On the other hand, they are spammed. I think it’s a tricky medium.
By the way, there are many interpretations to sun tzu. It’s an art in how you understand it. I just don’t think it’s realistic to say you aren’t strategic when you built a business on top of another one. Navigating your resources and utilizing them carefully is at the heart of a sun tzu quote somewhere.
It came across to me that you are a lover and don’t think strategy matters and that puts a giant frown on my face. ( I may have misunderstood, but i also don't buy anyway)
i guess i'm trying to say, by saying you are a lover not a fighter isn't really a parallel to i'm a strategist vs. i'm not one.
I am just happy that the four of us think so strategically all the time and overlap and diasagree and still focus.
I think if Sun Tzu had a Twitter account and wanted to really ninja-kick spam out he'd take notice of how open and incredibly viral this environment is, and try to craft up a similar message to fight it and be very vocal about it. Thinking of the recent #followfriday trend and how widespread it's become.
Hmm.... what if we had #unfollowmonday?
Just thinking out loud here... it'd be the day where everyone on Twitter takes action to improve this platform by unfollowing spammy accounts and reporting them to @spam.
Also, I think all this Sun Tzu strategy stuff varies from person to person - when you keep yourself light-hearted and humorous, they never see you coming...
and twitter/spam .. my god .. i can only conclude this is a company whose product, by luck, is much better than the company itself is ...
(and then there is disqus, dont dare write your comment before you log in .. poof, gone}
Love them both
What you are talking about is the job of marketing, which is itself part of strategy. Absolutely we should be letting our community know that we hate spam and are doing absolutely everything to combat it. However, that is all that we need to say about it. Anymore detail then that doesn't help our community, it only helps those that are trying to spam.
(yes, that was a MON plug)
Good question, I'd be interested to hear responses on that as well. What is the biggest spam issue in the Stocktwits stream - is it the accidental $ tweets which have nothing to w/ stocks, or is it more an issue of penny stocks & the like?
we will beat it.
Enemies (spammers, bashers, etc.) - They know we have some pretty kick ass back end monitoring but don't know anything more. Hence, they keep walking into them without even knowing.
Competitors - No way I alert them to the flaws in their models (operating and business). Simply watch, learn and avoid their mistakes.
It's a dog eat dog world. Sun Tzu will always apply. Always.
The Greek
What constitutes spam is subjective and the transport layer should remain agnostic.
Twitter could implement an api that allows microniche communities to tweak their own bayesian filters, so that spam is better dealt with at community level.
I think the change we're experiencing here is fundamental, as much as to say that the traditional OSI model for computer networks should add another layer on top to better represent the community that's above the application layer.
i am mad about twitter, but they really cant be blamed and its why I keep my complaints on the personal blog.
lucky for us we are a niche and it IS our job to figure this out and hey....if we figure it out best, there could be a big business in it.
you like and what you don't like.
Filtering infrastructure, community policed.
You can't ask every niche community to develop their own
infrastructure, that's supposedly what Twitter does.
Other than fooling around with Oprah, that is.
Can you tell I'm disappointed too ?
2009/6/27 Disqus <>:
I think disappointed is the right word.
EVERYONE that knows ev in my circle of friends, loves the guy.
He must be a great dude.
I hate stirring it up when a 40 person company grows this fast its almost impossible to cover all loose ends.
It just feels way too loose.
doubt about it.
I just wish they had a stronger focus on DEVELOPERS, DEVELOPERS,
DEVELOPERS, and less on the Kutchers.
Shaq's not gonna take out the spam for you.
2009/6/27 Disqus <>:
Shaq can't kill spam, just breeds it.
As long as men think their dicks are too small or want to make $5000 monthly posting links on Google, spam will be around.
I've always thought Sun Tzu's comments on agility and surprise have stayed fresher, and are more contemporarily relevant, than those on strength and force. The former qualities are ever more common in our lives (in and out of work), while the latter have sown quite a bit of destruction of capital, literally and figuratively. But laying traps and pivoting 180 degrees via top-down revisions and radical overhauls to strategy or tactics do not necessarily require worrying about the enemy. It's the capacity to adapt YOUR OWN business, right there in front of god & everybody, that I believe will create success in this new environment. Stocktwits is a case in point.
poker is the most viral and open game because as you say it allows thosre that adapt and not rely on a single strategy to win out of nowhere.
the stocktwits community appreciates knowing that problems such as spam are being addressed. we dont, however, need to know the exact details of how you are going to solve the spam problem. we are smart enough to realize that giving us these details will only help the enemy. trying to solve the spam issue without telling the community you are doing so probably hurts more than helps b/c the community feels ignored.
brands/communities have the opportunity to use social media to create unparalleled loyalty. Listening to what your fans/users/community are saying on twitter, facebook or the blogosphere is critical. Acknowledging that you are listening and making changes based on what you hear will create loyalty. It gives your user base a sense of importance ("the company is listening to me and my ideas matter")
In the social web, staying ahead is harder than ever.
what's spam for me (Michael Jackson anyone?) might not be spam for you.
However, when looking at a community like StockTwits, well, it's not that easy b/c people want the collective knowledge with and without following. Years (and years) ago, whenever we put into place self-service web apps the most important role was that of moderator. These individuals were tasked with keeping order and, quite frankly, tossing people out when they abused the system.
Sadly, this seems to still be the best way to manage such situations ... at least until the algorithms can catch up to real-time threads & their relation to other comments in the thread for relevance. That doesn't appear to be too close, at least from my vantage point.
That doesn't seem to happen anymore.
Anyone who sets up an auto follow direct message - instantly banned from twitter.
you guys have done a great job of building the (legitimate) participation. It takes a couple of dedicated people at first... then it grows. You can have all the fancy technology in the world, but without dedicated people, it won't grow.
Kudos because you guys have done a better job than any other twitter-based community (so far).
Users ought to be able to peer directly into other user portfolios. (Users can hide their portfolios if they choose. In fact default setting could be hidden portfolio).
I can look into another user's portfolio and see if they are successful in numerical form, possibly charts, (as opposed to sorting through tweets). This would greatly aid users in determining which other users to follow.
Stocktwits could also have a biggest gains / best trades section in the frontpage.
Also could be optional as to whether a user displays what percentage of portfolio is in particular stock, bond, etc. Obviously amounts would only be in percentages, not dollars.
I'm not really sure if this is possible given your platform, but it would be nice to hide my 'tweets' on stocktwits from twitter.
Have you ever thought of morphing stocktwits into an online brokerage?
It would solve your monetization problem in a minute (though I'm sure would be no easy task). Also, think of all the cool things you could do with it... users could literally follow other users into trades in real time.
you will be seeing shortly some of these ideas .
If it's this difficult to separate spam from value on a niche vertical community, how grand is the task on the entire Twitter network? If Twitter seems to not care, maybe it's because the scope is unpossibly large. Thoughts?
that into a post or you write it for us.
I won't post how I was defeating spam.
What amazes me with the complexity of some spammers as people that smart have to be able to make money a more honest way