"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?
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Twitter says it could turn first-ever profit
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Re: Twitter says it could turn first-ever profit
#22More and more these social media platforms feel like scheme's. Round after round of funding without ever reaching profitablity
There's always the option to simply not invest. For those platforms still in a pre-IPO state, you probably can't invest, even if you want to. For Twitter, it's easy enough to not buy the stock, and, indeed, if you bought in Jan 2014, you probably wish you hadn't. But if you bought yesterday, you're probably happy enough right now.
> But if you bought yesterday, you're probably happy enough right now.
Get out while you can enjoy a profit.
Re: Twitter says it could turn first-ever profit
#23Earlier 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/
I’ve adapted my tone to the forum in question, but it’s true that I need to work on making my manner more robotic and increasing overall passive aggression, thanks!
Re: Twitter says it could turn first-ever profit
#24They 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.
Twitter was massively overstaffed before they began to meaningfully grow sales. It goes back to the days of their faster user growth when they were anticipating competing with Facebook and having over a billion users. They built the company ahead of time for that outcome rather than restraining employee growth and focusing on profitability.
They could have probably done both, given what Facebook managed to accomplish financially. FB was profitable at $500-$600 million in sales and around 200 million monthly active users. At that same size Twitter was losing an immense amount of money. At the $2.5 billion sales level that Twitter hit in fiscal 2016, Facebook had around $750-$900 million in net income.
Re: Twitter says it could turn first-ever profit
#25It'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"?
They’re very supportive of anti trump crowd on twitter. Could be a front, but I would expect them to be anti trump in general.
Re: Twitter says it could turn first-ever profit
#26They 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.
> each of whom presumably brings in more than their salary in revenue to remain employed
Good sales people bring in enough revenue for a company to be profitable. But I have no idea how many sales people Twitter has, I think even if they had 100 it'd be plenty.
Re: Twitter says it could turn first-ever profit
#27They 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
Instagram had around 20 employees when Facebook bought them. I've often wondered how Twitter ended up with so many people as well. I'd love to see a breakdown of what they are all doing.
For a while stories popped up describing Devs lounging around or playing table tennis, waiting for their stock to vest. I've no idea the truth in these anecdotes and they're annoyingly hard to find due to google finding lots of tweets instead of articles about twitter.
Re: Twitter says it could turn first-ever profit
#28"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?
Also: What data is being bought? Publicly available information bundled up so there's not hassle with gathering it would be ok IMO.
Private data would spark my interest as well. They can't be selling DMs, can't they?
Re: Twitter says it could turn first-ever profit
#29It'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.
I can't find the article but an economist was estimating Trump's worth to Twitter at almost $2 billion. So I can't say I'm surprised; he is the single best thing that has happened for their company in YEARS.
Re: Twitter says it could turn first-ever profit
#30"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?
Also: What data is being bought? Publicly available information bundled up so there's not hassle with gathering it would be ok IMO. Private data would spark my interest as well. They can't be selling DMs, can't they?
If somebody says "Emails":
What are they used for then by the buyer?