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
It's because they need the headcount to speculatively try to achieve the growth numbers needed to support their valuation. Suppose they cut back to just keeping the lights on in engineering, along with obviously-profitable sales staff to sell advertisements and make business deals. Twitter is instantly profitable, but the net present value of those cash flows is something like a third to a tenth of their current valu…
Twitter says it could turn first-ever profit
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Re: Twitter says it could turn first-ever profit
#222Twitter, like FaceBook, should be an open, distributed platform. They are too valuable to remain under the control of a person or small group of people. They are communities and their value slides, and danger to society increases, when they are under centralized control.
Who is gonna pay to host the open distributed platform? Surely not the users
Re: Twitter says it could turn first-ever profit
#223Twitter, like FaceBook, should be an open, distributed platform. They are too valuable to remain under the control of a person or small group of people. They are communities and their value slides, and danger to society increases, when they are under centralized control.
Who is gonna pay to host the open distributed platform? Surely not the users
Re: Twitter says it could turn first-ever profit
#224Earlier quoted context omitted.
Oh boy, another Hacker News commenter with zero experience running a large corporation telling experienced folks how they should run a large corporation. Better yet, with no explanation for why. The sheer arrogance.
It's a little arrogant, but the commenter is probably more or less correct. Twitter is bloated. Their headcount has expanded quite a lot over the last few years - and for what? Their service has remained the same and 'scale' beyond a certain point does not matter. What is 'labour intensive' - sales? Sure. Maybe some support staff? I doubt they're full time, more likely in Phillipenes off the books. I don't doubt for…
Re: Twitter says it could turn first-ever profit
#225Maybe they finally fix their crappiest android app. Or open api for third-party developers, because obviously Twitter doesn't know shit about designing apps.
Re: Twitter says it could turn first-ever profit
#226Earlier quoted context omitted.
Fully agree. Also, a good time for Jack to step fully into Twitter boat. Square is doing quite well, he can easily find somebody to run it. If he takes the fulltime role at twitter, expect the stock to go up another 20-30 %
Honest question: why should Dorsey not be seen as an exaggerated media story (by the media and himself) and what has he done which justifies the stock jumping that high? He's run both companies for awhile now, Twitter has basically been stagnant. Doesn't he supposedly work like 80 hours a week anyway? It's already a full time job. Examples from 2011 and 2016: http://money.cnn.com/2011/11/13/technology/dorsey_techonom…
Re: Twitter says it could turn first-ever profit
#227Earlier quoted context omitted.
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.
Worth noting that $2B is roughly 13% of Twitter's market cap. Fascinating to think how one person simply using your service is worth that much.
Re: Twitter says it could turn first-ever profit
#228Earlier quoted context omitted.
...and you are likely on the front line of new things, and as such less important for Twitter's long term strategy, even as you were likely a reason for their initial growth. That's the issue for SM sites like Twitter et al: going from early adopters to mass appeal. As much as some people hate Trump, his tweets likely got a lot of the 300 million non-SF, LA, NYC users involved. I might be off on user uptake, but the…
By bots I'm not talking about Trump fans who have Twitter accounts. I'm talking about actual bots. Huge networks of fake accounts with predictable combos of words for names based around Trump that solely post/retweet about Trump that only follow and are followed by 10s of thousands of similar accounts and use a specific schedule for hundreds and thousands of these tweets/retweets/likes. The kind of bots that take an…
Exactly. So it has mass appeal :)
That's the sad reality. The Kardasians aren't popular because of people with a brain. Mass appeal matters.
Re: Twitter says it could turn first-ever profit
#229I know it's the huge growth story that wallstreet seeks but it's an invaluable resource, Twitter is. It should be bought by one of the big 5 tech firms if just to keep it alive in the public interest.
Re: Twitter says it could turn first-ever profit
#230Earlier quoted context omitted.
They mostly suspend minorities who are pissed enough to not politely say "no, thank you" to Trolls & Nazis sending them death threats. It'd be funny if it weren't so sad.
Examples of this happening?
I'm not bothered about big Silicon Valley companies, but it can't be easy to satisfy both sides and keep making more money.