Thursday, March 3, 2016

How to Lose Two Billion Dollars of Someone Else's Money in 10 Years

It's easier if you're in the government, but if you must do it privately, invent Twitter and then disparage half your potential users: #FreeStacy: $2,090,000,000.00
The headline number? What @Jack has lost for @Twitter investors:
Twitter has lost over $2bn (£1.4bn) since the social network was first launched 10 years ago, with $1.6bn of the deficit happening since it went public two years ago.
According to the Form 10-K annual report filed by Twitter, which gives a comprehensive summary of a company’s financial performance, Twitter’s total accumulated deficit as of 31 December 2015 was $2.09bn, largely due to stock-based compensation awarded to employees.
Basically, Twitter investors have been throwing away $800 million a year since 2014 paying Jack Dorsey and other executives to live large.
To be fair, Twitter lost the majority of this money before they came out as actively anti-conservative, but it can only get worse as conservative Twitter users look for alternatives.
Dan Gainor reports at
Twitter unverified Breitbart technology editor Milo Yiannopoulos’s account in January and ignored repeated requests to reinstate it.
It was a shot across the bow of the conservative movement.
Popular blogger Robert Stacy McCain was suspended and then kicked off of Twitter for the vague thought crime of “violating the Twitter Rules.” The hashtag“#FreeStacy” trended for a while on Twitter. Even his book account was shut down.
Conservative actor Adam Baldwin called to “disband the ‘Trust and Safety’ Council,” and said he was quitting Twitter. Baldwin, who starred in the cult classic “Firefly” and the current apocalyptic drama“The Last Ship,” has been one of Hollywood’s more visible conservatives. And now Sci-fi author Larry Correia all-but shut his account down in sympathy.
Conservative blogger Ace of Spades declared: “I no longer use Twitter except to exploit it as a promotional tool. It’s for ads only. Censorship is the art of idiots, cowards, and thugs.”
Somehow new Twitter CEO claims, “Twitter stands for freedom of expression.” Really?
My lifelong Twitter boycott continues.

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