Bloomberg on Twitter

Everyone is kicking Twitter while they are down, including Bloomberg. Twitter is planning an 8% layoff, perhaps as soon as this week.

The facts are stated, well, matter of factly (emphasis mine)...

Twitter, which loses money, is trying to control spending as sales growth slows.

Twitter, which loses money. Since it started. Every. Single. Quarter...Ever.

Twitter’s losses and 40 percent fall in its share price the past 12 months have made it more difficult for the company to pay its engineers with stock.

The whole scheme has been very dot com version 1.0, selling worthless stock on the basis of "eyeballs". It has worked for a long time, but if it stops working, the cash flow dries up and everything implodes. Brace for impact.