BLABBERGEDDON BEGINS! Twitter lays off 8% of its workforce Twitter has confirmed that it will cut loose more than 300 employees as the profitless company attempts to claw back costs and push for user growth on the struggling site. The firm, whose old CEO Jack Dorsey returned to run Twitter last week, said in a US Securities and Exchange Commission regulatory filing that – as a result …
Fleecing venture capitalists?
No, they made their money back when it went public.
I can imagine some money being spent to get the feed by some media companies thinking it constitutes public opinion (it is opinion that is public but that is not the same thing) but that wouldn't be more than a couple of million a quarter.
But who the fuck is paying for sponsored tweets?
What does a 150-character message board need 4000 employees for?
Nothing if it is just hosting 10 users and receiving 3 posts a day. But to have a billion people logged in and reading, and 1 million tweeting every minute, requires a monster infrastructure. Which needs a monster datacentre. Which needs a monster company. Which needs a monster HR dept, a monster office, a monster... see where I am going.
"So, we're going to do something you can already do (messaging), but with only 140 characters (or whatever)".
"Also you have to view it in almost real time, there is basically no historical aspect to this like email or facebook or etc"
"and you can't send pictures" (until later iterations of it).
"and did i mention there is no income stream imaginable for it".
.... where do i sign up? let me give you millions.
Twitter is for people who just can't distinguish something useful from something they are told they must like.... kind of like fashion really.
Like Take That & Justin Beiber, i will be happy to see the end of it... pointless waste of time in so many ways (Justin Milley Cirrus's transgender twin Bieber is not over yet? Thats news to me).
The same is true for an alarming number of large internet companies.
Eg Snapchat. Their business model consists of coaxing large investment groups to bung them every few months so they can go on, well, messing about with computers for a bit. The service is impressive, it just doesn't make any money.
The register makes a bigger profit than Snapchat and Twitter put together.
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