4 ms·
That was Twitter's playbook and I thought Twitter wasn't doing so well recently...I'm not saying massive amounts of users isn't valuable, but you still need to
by ambicapter 10y ago
That was Twitter's playbook and I thought Twitter wasn't doing so well recently...I'm not saying massive amounts of users isn't valuable, but you still need to play it right.
- user5994461 10y agoTwitter is massively profitable. It makes billions in advertising. (for every $1 twitter make, it spends $2, so their accounting is deep in the negative. But if they fire half the people (who are useless anyway) and stop spending money like madmen, they'll be positive, VERY POSITIVE. thanks to advertising revenues.)
- joering2 10y agoWell I'm sure those are the reasons why Google pass on :)
- user5994461 10y agoThey can't buy first and fire people afterwards. The cleansing would have dire effect on the alphabet parent company.
- dir 10y agono need. Twitter announced it was firing ~20% of it's userbase. Guess Google can swoop in and buy it now :)
- user5994461 10y agoOr they can repeat the process till they have 20% left ;)
- sib 10y agoTwitter is massively unprofitable. 12 months ending 2015-12-31: loss of over USD500MM. 3 months ending 2016-06-30: loss of USD107MM.
- foolfoolz 10y agotwitter is worth 11B and makes 2.6B/yr. The playbook works
- sib 10y agoTwitter loses over USD600MM / yr. The playbook is yet to be proven. If they were earning 2.6B / yr, news articles and market perception would be very, very different.