The best thing about Twitter...
Was in The Viz:
"Fireman Fritter - He's got Twitter up his shitter"
How we laughed.
Twitter: $602m into -$107m
Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working. The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than …
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Wednesday 27th July 2016 01:58 GMT diodesign
Re: Re: The best thing about Twitter...
Twitter employs 3,900 staff and is based in San Francisco (a 10 min walk from our office). $700m divided by 3900 is $179,487 per head per quarter, which if you factor in server costs and other expenses isn't too crazy.
Sure, not everyone at Twitter works in SF, I appreciate that. Basically my point is, it employs 3,900 highly paid people who burn through cash like it doesn't really matter.
C.
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Wednesday 27th July 2016 07:00 GMT Charlie Clark
Re: The best thing about Twitter...
Server costs really shouldn't be that high but office rental is crazy in SF.
But I think one of the main costs is related to equity given to staff.
I think I'm right in that this quarter doesn't include any of their expensive streaming deals which could make current losses look like chicken feed. Or they could work out and Twitter could break even.
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Wednesday 27th July 2016 10:18 GMT Charlie Clark
Re: Remind me again
Ah yes. But that's usually a sure fire money maker. What are they doing wrong I wonder?
They forgot to charge.
I hope Twitter ends up as the poster child for the limits of the network effect. Even with ten times the users I think it would struggle with its current business model which is why it's thrashing around to come up with new ones: like live sports that aren't exclusive.
As much as I hate Facebook, I think it's obvious that Zuckerberg and his team realise that there isn't a huge amount of money in just looking over people's shoulders while they rant.
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Biting the hand that feeds IT
