OLD Media Moves

StockTwits co-founder: CNBC’s Hoffman should be fired

November 4, 2014

Posted by Chris Roush

Hoard Lindzon, the co-founder of StockTwits, writes Tuesday that the president of CNBC, Mark Hoffman, should be fired for a lack of vision.

Lindzon writes, “I can’t find a vision statement.

“I can’t find any of their digital ticker pages and stories in a standard google search ‘ticker or ‘news’ lookup.

“If it was not for Twitter, which they seem to spend a lot of time discussing, they would not be relevant at all. ESPN has done a fantastic job weaving in Twitter to grow their brands and audience. CNBC cheapens twitter with their ‘TWICKER’ (Twitter Ticker) and their inability to grow digital or mobile in the digital and mobile era. Hoffman should shoulder this blame.

“These problems all start at the top with Hoffman, so while we have calls for Twitter’s head at the $24 billion company, it might just be time to look at the head of CNBC who is lucky to be hiding out inside the Comcast empire.

“I say Mark is on borrowed time and needs to be removed for CNBC quickly or Bloomberg and the web will crush the network at an accelerating pace.”

Read more here.

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