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Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

nytimes.com

211–220 of 414 posts

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#211

Earlier quoted context omitted.

But then again stock price != making more money. Particularly for non-dividend-paying firms.

Would you care to expand on this one? It seems to me that stock price is correlated with more money: if I have X stock options worth Y dollars each, I effectively have X*Y dollars worth of stock. If stock price increase by 1 dollars, I have X dollars more than I did before. No?

Apple often beats expectations and trades lower after the earnings call.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#212
post #206

I think the general market could learn a thing or two from WhatsApp: 55 people powering a platform used by 800 million _active_ users across many different platforms. And WhatsApp has innovated, e.g. the new video and calling system works very well. I have often wondered what thousands of Twitter employees are doing all day long? Their platform and apps have been stale for a long time.

Why this is an innovation though? Just because they have fewer engineers to repeat the work that has been done by so many other companies?

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#213
post #94
post #8

This 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 adj…

> What is out of the ordinary is the public markets' reaction? But is it? Maybe the public is realizing that tweets were just a cool fad for a while. For twitter to be profitable, I am guessing, there has to be people that want to use it, and (very important) people believing that people want to use it (so they'd pay Twitter for advertising). Compare with Google. Google provides something momre back (gmail, search, c…

Don't make the assumption that because you don't like, or see any use for, a particular product other people won't.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#214
post #53
post #11

Earlier quoted context omitted.

Yes, it's sad for employees being let go, but it's good news for Twitter. I don't think Twitter is going anywhere; it has a huge user base and a lot of people think of it as a branch of the internet. By cutting surgically (removing, as you put it, the "fluffiness"), Jack might very well be able to bring some fighting spirit back.

Yes, it's sad for employees let go, but it's good news for AOL. I don't think AOL is going anywhere; it has a huge user base and a lot of people think of it as the internet. By cutting surgically (removing, as you put it, the "fluffiness"), Jonathan might very well be able to bring some fighting spirit back.

Nothing inspires fighting spirit like layoffs.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#215
post #207

Not happy to see any company have to cut its staff but Twitter is in trouble and some big changes need to be made. Twitter's IPO stock price reflected the promise that the service previously showed. The company was drowning in the possibilities provided by the incredibly valuable real time data it holds. It's not an easy task but what they've failed to do is organise and deliver all that data in a way that provides v…

I find it impressive that a basic feature of the interface that makes HN usable is completely avoided on Twitter. The platform provides absolutely no way to follow the thread of a conversation! To ensure that this mistake is permanent, they've made it practically impossible to use third-party interfaces on top of their API, so no one else could develop and distribute a solution to this.

Totally. People keep talking about removing the 140 character limit. That's just one of the many UX problems they need to address.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#216
post #206

I think the general market could learn a thing or two from WhatsApp: 55 people powering a platform used by 800 million _active_ users across many different platforms. And WhatsApp has innovated, e.g. the new video and calling system works very well. I have often wondered what thousands of Twitter employees are doing all day long? Their platform and apps have been stale for a long time.

The new video and calling system, innovation? Skype, Hangouts and Viber have had those features for years... I don't think WhatsApp introduced any innovation at all, its popularity is derived from network effects, together with the questionable practice of using phone numbers as public ID and automatically adding all your phone contacts as chat contacts without them having any say in the matter.

I am an active user of WhatsApp and their service is much more reliable than Skype or Hangouts. There's a reason why 800 million people are using it and it's not only because of network effects, it's because the base product and service is rock solid.

Their innovation is evolution of WhatsApp past text messages. And in the end, nothing is a true innovation -- most things build on past ideas.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#217

Earlier quoted context omitted.

1) Operating is not the same as building, especially if you have to figure things out. 2) Twitter reported half a billion in revenue last quarter.

>Twitter reported half a billion in revenue last quarter And yet managed to lose 136 million dollars. While revenue is interesting, it just doesn't matter if you can't turn a profit.

How is it even possible for a company like twitter to spend a billion dollar and change in one quarter? That's enough to run a small country complete with golden bathroom for the dictator.

Time to go read about their OPEX I suppose. Anyone got a link to a good write-up?

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#218
post #126

There's a popular meme "If you're not paying, then you're the product". I think an exception is " or they're just not making any money".

Note that it is "if", and not "if and only if". Basically, if you can be tracked or advertised to ("advertracked"), you ARE the product whether you pay or not. Money has to come from somewhere; if it is not from you, it is by monetizing you. But ... why not monetize the user even when they did pay? It's a whole new revenue stream, that's often orthogonal to the payment stream. Paid Hulu has ads. Windows Solitaire has…

And now, thanks to the hobby of one developer, my phone blocks ads in /etc/hosts, preventing even in-app ads from appearing. My web browser on my laptop does just as well with a plugin.

All that's left in my browsing experience to hint that sites are trying to maintain themselves on advertising are reels of clickbait stories that come at the side and bottom of every traditional media article. I can't help but hope they are only a technocultural shift away from the abyss of anachronism.

The technology can be used to target us, but in the end machines do the work and they are very predictable. We also have machines, and knowledge, and can stand up against the bullshit.

> Paid Hulu has ads. Windows Solitaire has ads now. Movie theatres have been showing ads since forever. Cable TV is showing ads.

The problem with my idealistic vision of the near future is that we are just as likely to accept this as normal. We habitually pay for stuff and still get ads. We have the tools to block the crap but it's much more important that we decide to.

Millions of people gave up eating gluten because they learned about celiac disease. I'd like to imagine that we are just a few headline-grabbing research papers away from swaying the public about the healthiness of exposing ourselves to psychological bombardment.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#219
post #207

Not happy to see any company have to cut its staff but Twitter is in trouble and some big changes need to be made. Twitter's IPO stock price reflected the promise that the service previously showed. The company was drowning in the possibilities provided by the incredibly valuable real time data it holds. It's not an easy task but what they've failed to do is organise and deliver all that data in a way that provides v…

I find it impressive that a basic feature of the interface that makes HN usable is completely avoided on Twitter. The platform provides absolutely no way to follow the thread of a conversation! To ensure that this mistake is permanent, they've made it practically impossible to use third-party interfaces on top of their API, so no one else could develop and distribute a solution to this.

You're right and by extension you have to put together a search in order to see exactly what someone has tweeted to someone else, by which I mean you have to pro-actively search in order to truly follow someone.

For instance, during the recent downtime I wanted to see what Squarespace was saying and what others were tweeting to them. There's now way to do that without doing a search for their username.

Tweets and replies only show replies to what an account tweets, which is virtually redundant when sat alongside the full 'tweets' stream. There was no quick click way to see what others were tweeting to them.

This compartmentalisation is a constant attribute of Twitter that they seem to actively maintain and even design towards. They expect you as a user to know what you want to see.

They need to be much more active about presenting data views to the user and take away the need for the user to try and extract meaning and relevance from the constant stream of data.

Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion

#220
post #206

I think the general market could learn a thing or two from WhatsApp: 55 people powering a platform used by 800 million _active_ users across many different platforms. And WhatsApp has innovated, e.g. the new video and calling system works very well. I have often wondered what thousands of Twitter employees are doing all day long? Their platform and apps have been stale for a long time.

The new video and calling system, innovation? Skype, Hangouts and Viber have had those features for years... I don't think WhatsApp introduced any innovation at all, its popularity is derived from network effects, together with the questionable practice of using phone numbers as public ID and automatically adding all your phone contacts as chat contacts without them having any say in the matter.

Phone numbers as ID is actually a really important innovation. I worked in Kenya for quite a while, and found that many people had email accounts they had no idea how to actually access. Email-based authentication doesn't work for a considerable proportion of the world's population. But cell phones are pretty ubiquitous: This ease of authentication is a big part of why whatsapp is kicking ass in the developing world.
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