Earlier quoted context omitted.
What do you mean? This is just a fact. The company existed to make a return for the owners. The owners exited with $16 billion. That was the motivation of the owners/employees, not $14 million in annual revenue.
The $14 million is what justifies the $16 billion.
Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
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Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#302Earlier quoted context omitted.
Facebook has 3 properties which have more users than Twitter (Facebook, Whatsapp, Instagram). Facebook itself has more active users than Google and has another property, Whatapp which is also close to or just over that billion user mark. And they are already reporting profits. I doubt they will go the way of Twitter.
Nothing lasts forever in tech. How will they monetize Instagram and WhatsApp? Don't show me users. Show me profits from those users if you want to count them.
This sounds like 90's bubble talk, but "eyeballs" do matter. Investors and the market care about the current social value of a product in terms of the value / growth of their user base.
Ask many millenials/teens and they say they more meaningfully interact with Instagram than Facebook. That fact about social trends is worth its weight in gold in terms of its user base.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#303Earlier quoted context omitted.
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?
Half a billion but... People are expensive, office space in their 30+ offices is expensive, hundreds of thousands of servers are expensive...
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#304Earlier quoted context omitted.
> 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…
> Twitter provides 140 status messages. There is nothing wrong it, that is very cool. But I think there is a realization that it just isn't as cool as it was in 4 years ago. And it just became 3% less cool. I can't tell if you're being ironic or facile, but Twitter has become quite a bit more than "140 status messages"(sic). It's a medium where politicians, dissidents, celebrities, the hoi palloi, brands, and anarchi…
Restricting access to any website (except in some extreme cases) is viewed by many as a human rights violation. I don't see how Twitter is unique in this respect.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#305Earlier 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?
No. Only if you sell it right now. A lot of problems come from people thinking stocks are more liquid than they are.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#306There'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…
Although if I were trying to think of business models that seem to be struggling, those would probably have been among the first examples that came to mind. Windows 10 so far appears to be another Windows Vista/8. The movie theatres around here seem to operate under constant fear of closure. We don't have a complete equivalent of US cable TV here, but I get the feeling that on-line, on-demand services are threatening that model as well. In each case, I can't help suspecting that the degree of customer exploitation/price gouging has a lot to do with the waning popularity.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#307I 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.
I mostly agree, but the scale of what Twitter is doing technically is very different. Network size is not as important as how messages are distributed within it. Whereas most WhatsApp messages are one to one, on Twitter they're almost always one-to-very-many. If 10000 Twitter users with 1000 followers each send a tweet, that's 10000000 messages hitting queues. 10000 WhatsApp users sending a single message each are li…
No those acres of employees at Twitter are showing each other powerpoint presentations, ordering lunch for each other, and subdividing again and again tiny slivers of functionality into more and more product management teams, none of whom have sufficient authority to make any material improvement to the product.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#308This 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…
They haven't announced layoffs. The article is very clear about this.
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#309I 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.
I mostly agree, but the scale of what Twitter is doing technically is very different. Network size is not as important as how messages are distributed within it. Whereas most WhatsApp messages are one to one, on Twitter they're almost always one-to-very-many. If 10000 Twitter users with 1000 followers each send a tweet, that's 10000000 messages hitting queues. 10000 WhatsApp users sending a single message each are li…
Re: Twitter Expected to Begin Layoffs and Stop Headquarters Expansion
#310Earlier quoted context omitted.
I don't think the final question is realistic. I have 20K followers (not huge, but far beyond who I could realistically ever "know") and get huge value from it as an individual, not as a business. It would be so boring (to me) to only be able to talk to people one knows closely. There are numerous non-company non-celebs-in-the-Hollywood-sense-of-the-word people who have huge followings on Twitter who get a lot of val…
Soooo... RSS? Isn't that what you've just described? You could run that on a pretty small web server....