Twitter Plans Hundreds More Job Cuts as Soon as This Week

Post by woah » Tue, Oct 25, 2016, 1:26 PM UTC

danieltillett wrote: post #101

aub3bhat wrote: post #89

Earlier quoted context omitted.

Because your competitor can raise those million dollars, and eventually your 20k profit per month becomes 20k loss per month. You can build all your imaginary arguments about magical businesses that make 20k profit per month while being self-sustained with holocracy, cruelty free, authentic, organic etc. etc. But the reality is that doing big things at bigger scale requires huge capital. If you are willing to pass up…

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.

Post by robbiemitchell » Tue, Oct 25, 2016, 1:35 PM UTC

artursapek wrote: post #6

I'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…

Post by jomamaxx » Tue, Oct 25, 2016, 1:39 PM UTC

StanislavPetrov wrote: post #231

guelo wrote: post #193

Earlier quoted context omitted.

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 go…

>You don't need a PHD to understand what this means, you need only basic reading comprehension and minimal intelligence: Quote from FED: >The hedonic quality adjustment method removes any price differential attributed to a change in quality by adding or subtracting the estimated value of that change from the price of the old item. What do you think "attributing a change in quality" or subtracting "estimated value" me…

Post by jomamaxx » Tue, Oct 25, 2016, 1:43 PM UTC

janeFondler wrote: post #254

artursapek wrote: post #6

I'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…

Because Twitter has received investment on the promise of eventual profit. A low / no growth model is only feasible if they don't have investors / shareholders bucking for returns at every decision point. Twitter, has made a deal with the devil in becoming a publicly traded company because at some point needs to show their stakeholders a path to profitability. Job cuts, cutting expenditure whilst hopefully maintainin…

Post by efdee » Tue, Oct 25, 2016, 1:45 PM UTC

chinese_dan wrote: post #148

Twitter 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…