The Guardian reports on Twitter's recent troubles:
America's smartest schools have given Twitter an F. Harvard, Yale and Stanford universities have all sold big chunks of their Twitter stock as the nine-year-old social media company struggles to prove to investors it has a trajectory of growth.
Yale University...sold all of its 34,345 shares in Twitter – worth just under $1m at Monday's stock price – over the last quarter. Harvard University...sold 29,856 Twitter shares between April and June. Stanford...sold 18,000 shares.
The universities' sell-offs come as Twitter flounders without a permanent chief executive and analysts increasingly question the company's future as its once-stunning user growth slows to a trickle.
Twitter's shares have collapsed from $52 in April to $29 on Monday, a drop of 44%. Over that period, Yale's Twitter holdings dropped in value by $788,000.
(Score: 0) by Anonymous Coward on Wednesday August 19 2015, @06:01AM
Everyone has joined Twitter already. The only way to grow the user base now is to increase the potential user base by having children. Too bad the population of greedy fools who join Twitter is experiencing negative birth rate because they do not care about posterity and are only interested in accumulating tons of money.
(Score: 2) by davester666 on Wednesday August 19 2015, @07:02AM
No. They are trying to get more followers.
(Score: 2) by FatPhil on Wednesday August 19 2015, @07:56AM
I'd really like to see some real world stats on active user-base for the fucking-stupid-faddy-trendy "my" sites of yore, like myspace. (I've forgotten so many of them already, to be honest. Geocities and AOL home pages probably count too.)
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 0) by Anonymous Coward on Wednesday August 19 2015, @08:23AM
Doesn't your XKCD hero Randall have a special hatred of Friendster for some inane reason.