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Twitter's employee base is down by >80% Twitter has closed down 1 out of their 3 data centers (Sacramento), meaning data center costs are down by ~33% ad reve

• tyingq 3y ago
  Did you maybe reply to the wrong comment? I'm agreeing down 60% is unusual.
  • slmlm 3y ago
    It's the right comment - it looked like you took the negative viewpoint that down 60% is bad. I'm saying that down 60% looks good against the backdrop of the dramatic cost-cutting that they have done.
    • tyingq 3y ago
      That's hard to reconcile with "regularly fallen short of its U.S. weekly sales projections, sometimes by as much as 30 percent". They set their own projections. Sounds roughly like they expected a 30% drop (for the reasons you cited) and got a 60%-ish drop instead.
      • slmlm 3y ago
        That may be correct, but that's speculation. From my limited perspective given the factually reported cost reductions, -60% seems 'fine'. Right now it seems like the platform has hit rock bottom in terms of public sentiment so even if the projections were optimistic at -30%, as long as things don't get worse, that's about it. Everyone who is holding out to subscribe or who has left the platform, has probably left already. Would love to see the source document to understand what frequency 'regularly' and 'sometimes' refer to, and to know when in the last months the projections missed so spectacularly - but that would be boring journalism.
    • hackernewds 3y ago
      It would seem they accounted for that drop, however still weren't able to meet forecasts that they set for themselves. That would posit a failure