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While the scale is different I don't see that the underlying issue is. What you are suggesting about making Twitter profitable (which I happen to agree with) s
by bigtunacan 10y ago
While the scale is different I don't see that the underlying issue is.
What you are suggesting about making Twitter profitable (which I happen to agree with) seems to be what they are attempting to do at Medium with these layoffs.
An aside on the Twitter front though; at this point I'm not sure cost slashing is going to help their stock prices at this point even if they turn a profit as they are already showing declining revenues.
- x0x0 10y agoA prerequisite to the cut-your-way-to-profitability plan is income. There's no evidence Medium had much income.
- bigtunacan 10y agoCan you provide evidence there is no income? They aren't a publicly traded company so I haven't seen their earnings reports...
- x0x0 10y agoIt's a personal guess, based on knowledge of the ad market, inferences from their firing decisions, and gossip from some friends who know people there.