The losses at Twitter have stabilized at around $100 million per quarter. 3Q2016 showed a net profit of -$102 million. Twitter likes to focus on non-GAAP numbers like eyeballs/tweet, impressions/stock option, and so forth. There was great excitement last quarter as tech heavy hitters sniffed around and acquisition rumors were rampant. Alas, they all found the nearest exit when they found the building was on fire. With no white knight, Twitter says they are going to layoff 9% of their work force. 3.64 million new shares of stock were issued this quarter to keep the company running.
Updated fundamentals:
1/8/2013 - twitter IPO stock price $41.65
1/3/2014 - twitter high stock price $69.00
1/13/2016 - twitter closing stock price $18.69, 682.95 million shares outstanding
5/11/2016 - twitter closing stock price $14.59, 694.85 million shares outstanding
7/28/2016 - twitter closing stock price $16.31, 696.57 million shares outstanding
10/27/2016 - twitter closing stock price $17.40, 700.21 million shares outstanding
Twitter stock price change from IPO price:
-58%
Dividend: zilch
EPS: -0.60
Twitter Fritter Pops!
ReplyDeleteNo critter can resist all that twittering and frittering! ;)
Stagflationary Mark,
DeleteI know I can't resist the frittering. Apple also makes a good fritter. Their newest phone requires a special dongle to plug in to their latest laptop. It doesn't get easier than that.
Tim Cook seems to be running out of momentum. In 6 years, he's invented a failed watch, wireless earbuds, and half a dozen new dongles. Not quite market shaking.
Perhaps Tim Cook is to Steve Jobs what Steve Ballmer is to Bill Gates.
DeleteNot a perfect analogy, I admit! ;)
Ballmer at least had some energy. Tim Cook is probably a great manager, but he lacks vision. He can crank out more of the gadgets that Job invented, but where is the next big thing? iDongle?
Delete