A few questions based on reading the comments here.
1) Why are people so certain that the claims that X should profit are incorrect? X did cut a massive percentage of their staff, and presumably whatever infrastructure changes they've initiated in the past months to save money should be done by then. Nobody can perfectly predict the future, but reducing expenses drastically seems like a good step forward in achieving their goal.
2) Why are people acting so personally hurt if X thrives? I don't even see this level of animosity for companies that deserve this level of ire, like companies that deliberately pollute the oceans or even the cable companies.
3) Are people rooting for X to fail? I think competition for Facebook and other social media is a great thing, and X still has a certain connection with the zeitgeist that I don't think can be matched.
4) Why are people ok with the rampant deadnaming of X? Do better!
> Nobody can perfectly predict the future, but reducing expenses drastically seems like a good step forward in achieving their goal.
Cutting expenses is one part of the equation. The other is debt servicing.
There's $13 billion in loans used to buy Twitter, that now sit on Twitter's balance sheet. There's a minimum of $1.2 billion in annual interest payments on those loans.
Cutting expenses doesn't really put in perspective. Head count was cut by over 80%. Everything was switched to austerity mode.
These are not minimum wage workers, these are thousands of people who on average got payed more than the president.
Beyond that, we also have twitter blue. I'm guessing they have crossed one million by now. Thats bordering $100m ARR.
Then there is the advertising revenue, Twitter made $5 billion in revenue with a total loss of 220m. Even if advertising was cut by half, thats still $2.5B in income.
Honestly I'm surprised they are not profitable now, let alone next year.
1) Why are people so certain that the claims that X should profit are incorrect? X did cut a massive percentage of their staff, and presumably whatever infrastructure changes they've initiated in the past months to save money should be done by then. Nobody can perfectly predict the future, but reducing expenses drastically seems like a good step forward in achieving their goal.
2) Why are people acting so personally hurt if X thrives? I don't even see this level of animosity for companies that deserve this level of ire, like companies that deliberately pollute the oceans or even the cable companies.
3) Are people rooting for X to fail? I think competition for Facebook and other social media is a great thing, and X still has a certain connection with the zeitgeist that I don't think can be matched.
4) Why are people ok with the rampant deadnaming of X? Do better!