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Twitter says it could turn first-ever profit

reuters.com

11–20 of 252 posts

Re: Twitter says it could turn first-ever profit

#11
post #4

More and more these social media platforms feel like scheme's. Round after round of funding without ever reaching profitablity

Is that really only occurring to poeple here, now?!

General reminder to be courteous, especially when people learn something new: https://xkcd.com/1053/

Re: Twitter says it could turn first-ever profit

#12
post #5

It's not mentioned in the article, but I really think President Trump has been a savior for Twitter. Without those controversial tweets, Twitter would rarely be in much of the public's mind, and the company would have continued its slow slide into irrelevance. As it is, barely a day goes by without "Twitter" being mentioned in national news.

Also, we know that twitter maintains "celebrity handlers" --- who is on the Trump handler team?

Re: Twitter says it could turn first-ever profit

#13
post #5

It's not mentioned in the article, but I really think President Trump has been a savior for Twitter. Without those controversial tweets, Twitter would rarely be in much of the public's mind, and the company would have continued its slow slide into irrelevance. As it is, barely a day goes by without "Twitter" being mentioned in national news.

Anyone know if any Twitter execs (like Jack) have been donating to any Trump "foundations"?

I would expect the opposite.

Re: Twitter says it could turn first-ever profit

#15

More and more these social media platforms feel like scheme's. Round after round of funding without ever reaching profitablity

And what's crazier is that this is one of the unicorns and they're still bleeding cash esp. from a company lifetime perspective.

Re: Twitter says it could turn first-ever profit

#16
post #4

Earlier quoted context omitted.

Is that really only occurring to poeple here, now?!

General reminder to be courteous, especially when people learn something new: https://xkcd.com/1053/

Tech is full of school marms now. Thats how we know its mainstream.

Re: Twitter says it could turn first-ever profit

#17
post #6
post #3

They would be profitable in an instant if they'd get rid of half their employees? Im not sure why they need SO many people for Twitter. I believe they have over 4000, they could easily get by with 1000

I'd fully expect many of those 4,000 to be sales staff, each of whom presumably brings in more than their salary in revenue to remain employed.

Sales Departments have way too many people. I like that they employ people, but that’s a separate conversation. On a team of 8 sales people, typically 2 people together sell enough for the team to break even. The other 6, usually because of poor sales territory luck, sell maybe half their salary worth of services, but since growth is everything, an employee who makes 100k but only sells 50k is considered valuable.

Re: Twitter says it could turn first-ever profit

#18
post #14

"may become profitable for the first time next quarter after ... ramping up deals to sell its data to other companies" Cool, so any indication on who is buying all my data?

"ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue." i.e. "we don't know how to profit from this user data ourselves, so we'll sell it to people who know how."

Re: Twitter says it could turn first-ever profit

#19

More and more these social media platforms feel like scheme's. Round after round of funding without ever reaching profitablity

Don't VCs constantly fund things (social media or otherwise) that never reach profitability? Isn't that the whole gamble of "venture" funding in the first place?

The monetization aspect is supposedly solved. If I suspect you can garner audience, I posit that said audience can be translated into ad dollars at some point in the future. Only the first part is speculative. And speculation is what venture funding is all about.

Re: Twitter says it could turn first-ever profit

#20
post #17
post #6

Earlier quoted context omitted.

I'd fully expect many of those 4,000 to be sales staff, each of whom presumably brings in more than their salary in revenue to remain employed.

Sales Departments have way too many people. I like that they employ people, but that’s a separate conversation. On a team of 8 sales people, typically 2 people together sell enough for the team to break even. The other 6, usually because of poor sales territory luck, sell maybe half their salary worth of services, but since growth is everything, an employee who makes 100k but only sells 50k is considered valuable.

Are those numbers from a study or something?
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