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from the explained-in-140-characters dept.
Despite the introduction of advertising, live video streaming, and the visibility of high-profile users like the President of the United States, Twitter remains unprofitable:
For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has lost more than $1.5 billion cumulatively since it went public in late 2013.
The company has almost $1 billion in cash on hand, and the losses are due in part to employee stock compensation, a non-cash expense. That is little comfort, though, for shareholders who end up footing the bill for those costs in the form of dilution.
Further, the company said it was revisiting core advertising strategies, suggesting a quick turnaround on revenue was not likely. Fourth-quarter revenue of $717 million was well short of analysts' expectations.
(Score: 2) by c0lo on Saturday February 11 2017, @06:39AM
You know? Economically speaking, the best action an unprofitable business can take is to cut down the services to unprofitable users.
Now, put this together with the observations of "all Twitter users are unprofitable".
From the social perspective, I wouldn't be surprised to see Trump "executive ordering" the support of Twitter from taxes because... you see... Twitter is making America great! Without it, Trump won't be able to get his deep thoughts to the populace, everyone knows the media (FB included) are all fake.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 0) by Anonymous Coward on Saturday February 11 2017, @07:35AM
Not just Twitter, all businesses should get a tax credit (we'll pay for it).
(Score: 2) by c0lo on Sunday February 12 2017, @09:20AM
Tax credit? You cheap bastard, nothing less than subsidies will do. At least not for Twitter.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by captain normal on Saturday February 11 2017, @05:11PM
Ha...When I read the summary my first thought was, if Twitter goes bankrupt Trump would probably issue an executive order socializing Twitter. Of course that would really frost the balls of all all the small Government Republicans. Just how is he supposed to rule without his Twitter addiction?
Everyone is entitled to his own opinion, but not to his own facts"- --Daniel Patrick Moynihan--