Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
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Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#2I'm sad for my friends at Twitter but, this shouldn't come as much of a surprise.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#3A sad day for Twitter, but a dose of reality for a lot of the fluffiness in the market at the moment.
Companies need to have real revenue and produce real profit and then need a valuation based on sane multiples. Twitter got behind that curve badly and ultimately this is what happens.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#4I'm sad for my friends at Twitter but, this shouldn't come as much of a surprise.
Is indeed sad for the people that are let go, but at least the market is hot and they will probably find new jobs soon.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#5I don't use Twitter and don't have any friends that do. Am I just uncool, or is it super niche now?
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#6I don't use Twitter and don't have any friends that do. Am I just uncool, or is it super niche now?
Considering Twitter is still the first go-to social platform for reactions to news, I doubt it.
Nonetheless, I've had trouble convincing my parents why they should use Twitter.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#7I don't use Twitter and don't have any friends that do. Am I just uncool, or is it super niche now?
Same here. I just don't see the value in Twitter when I can easily get personalized content from Facebook's news feed and use an RSS reader for the sites that I follow.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#8This is bad, if not entirely unexpected, news. What is out of the ordinary is the public markets' reaction: the stock is down 3% in after-hours trading.
Typically when a company announces layoffs its stock goes up. More mature companies have sometimes slashed headcount on the way to a better market situation. But when younger companies announce layoffs, the markets stop assuming they have lots of growth ahead and adjust expectations accordingly -- usually resulting in a significant drop in stock price.
Remember, back in July, Twitter announced earnings beating market estimates. This was at 4pm, its stock surged 4%. About half an hour later, CFO Anthony Noto said Twitter would not see "sustained, meaningful" user growth for a "considerable period of time." TWTR promptly plunged 10%.
http://www.cnbc.com/2015/07/28/twitter-earnings-7-cents-per-...
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#94100 employees for a service dedicated to moving around 140 character messages? Yeah, there might be a little fat to trim there.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#10I don't use Twitter and don't have any friends that do. Am I just uncool, or is it super niche now?
Considering Twitter is still the first go-to social platform for reactions to news, I doubt it. Nonetheless, I've had trouble convincing my parents why they should use Twitter.
Do you get mostly opinions and reactions on Twitter or 140char reporting on breaking stories? I tried using it to follow the Arab spring and just couldn't.