Says the frog to the scorpion: "Why have you stung me? We will both die." and the scorpion answers "I'm a VC and I will always aim for the 10x exit, this is my nature"
Twitter Plans Hundreds More Job Cuts as Soon as This Week
191–200 of 372 posts
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#192How many people does it really take to run Twitter? If they need more than 100 people I'd be really shocked.
Whats app comes to mind as a comparison. Far more complex. A billion customers. 35 engineers.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#193Earlier quoted context omitted.
> That means if you are "stable", and the central bank has its way, you are actually shrinking at 2% a year. No, inflation means, in aggregate, the price businesses charge goes up.
That's completely wrong. Its a lost cause to try to explain economic theory on a forum but suffice to say that central banks factor completely arbitrary variables to get the number they want. http://www.bls.gov/cpi/cpihqaitem.htm >The CPI is calculated using prices for a fixed basket of goods and services through time. While the basket is periodically revised to reflect changing consumer expenditures, some items bein…
Actually, the FED targets something called the PCE price index which is an attempt at measuring price increases across all consumer spending. But those are just measuring details, if you want to you can go to economic conferences and argue the finer details of these measurements with rooms full of PhDs. The point though is that inflation targeting is about trying to keep the cycle of rising wages and rising prices going. And the point of that is to avoid deflation during recessions. The main losers from inflation are not businesses but lenders, which is why lending rates and inflation are closely related.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#194Can we talk about Fabric again? Fabric [1] is a product done by Twitter but heavily de-emphasizes the Twitter association -- it's a value-added Twitter SDK that apps can build into themselves and get crash reporting (ex-Crashlytics) and ad network integration (MoPub) too. In the scheme of Twitter's self-reflection trying to figure out how to cut costs and find what it wants to do, do you feel Fabric fits into it? Do…
And think about how much this costs Twitter! The Fabric SDK allows apps to do phone number verification (SMS/Voice calls) for free . This is usually the single greatest cost associated with running any app that does phone number verification (often even above engineering salaries). Multiply the number of SDK users by the cost of SMS/voice delivery, and that's a ton of money out the door every month. There were some r…
You forget that Twitter purchased an SMS aggregator a few years back. SMS sending is near free for Twitter. I still remember integrating all of the VPNs to the carriers to support this mess.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#195I've always sort of had this question that continues to feel naive - but I'm not sure I know the answer: why do so many companies feel like they have to grow perpetually? Why can't Twitter just be happy being Twitter, knowing its limits and making a stable profit? Instead it's more users, more VC money, more staff... constantly burning as quickly as possible. There's a ceiling on every business; it's all bound to com…
>Why can't Twitter just be happy being Twitter, knowing its limits and making a stable profit? The short answer? Because they don't make money. I guess it's possible you could grow your company to a point where you say "Okay, we've filled our niche. Growing more doesn't make sense, so we'll just extract as much cash as we can." The problem is you have to make money to do that. Twitter doesn't make money and never has…
I think they have good revenue, but their insanely high expenses (coming mostly from the high number of employees, but probably other things that assume hyper growth too) make it impossible to turn a good profit.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#196Twitter lost the trust of many users and are now suffering the consequences. It was once supposed to be the place for the freedom of speech and truth and is now just another arm of the left-leaning politicians in the US. So many conservative/libertarian political figures and personalities have been permanently banned from Twitter in the last year for only posting an opinion that it can no longer be chalked up to circ…
Thats what happens when some of your biggest investors live in Saudi Arabia.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#197The sad thing is that the market will love this and the stock will go up, while many engineers wonder where their job went, and mid-managers/execs will reap a profit.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#198Earlier quoted context omitted.
I run a bootstrapped SAAS business and I make far more than $20K a month profit and have done so for years. The key is choose a niche that is large enough to make the level of profit you want, but too small to attract VC funded competitors. The sort of market size you want is in the range of $5 to $20 million per year. Big enough to be worth the hassle, but too small to attract the big guys.
Similar story, we should be friends :) Care to comment on the work/life balance you have?
Me too. Hi.
If an entrepreneur is worried about "Work Life Balance", I think he/she is in the wrong business.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#199No offense to the people I know working at Twitter, but these cuts aren't deep enough to stem the losses. While Twitter revenue grew $664M, $1,403M to $2,218M over the past three years, it is going to be a lot flatter than that at the end of this year - and despite that growth they've consistently been losing about $500M p.a ($645M, $577M and $521M respectively) 3,800 people work there - and equivalent cuts last year…
Woah, they only have 3800 employees and spend 2.7Bn/yr? That's 700k per employee. What's all that money for?
Stock options. It starts at the top:
https://pbs.twimg.com/media/Cuplqd1XEAEre6n.jpg:large
Being paid $72M p.a to oversee ~$500M p.a in losses. Great job if you can get it.
Re: Twitter Plans Hundreds More Job Cuts as Soon as This Week
#200Earlier quoted context omitted.
Similar story, we should be friends :) Care to comment on the work/life balance you have?
Me too. Hi. If an entrepreneur is worried about "Work Life Balance", I think he/she is in the wrong business.
Why this? Burnt-out entrepreneurs are failed entrepreneurs, aren't they?
There's always a limit on how much time you can spend per day, and this limit is far below the time you are awake. Push it too far, and you do not only lose your working power, but also your motivation and your inspiration.