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A comment on Snapchat Seeks to Raise as Much as $4B in IPO. Parent comment

Re:Snapchat Seeks to Raise as Much as $4B in IPO by user5994461 on Wednesday October 26, 2016 @06:38PM (#12801360)
Twitter is massively profitable. It makes billions in advertising.

(for every $1 twitter make, it spends $2, so their accounting is deep in the negative. But if they fire half the people (who are useless anyway) and stop spending money like madmen, they'll be positive, VERY POSITIVE. thanks to advertising revenues.)

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Re:Snapchat Seeks to Raise as Much as $4B in IPO by sib on Wednesday October 26, 2016 @10:40PM (#12802545)
Twitter is massively unprofitable. 12 months ending 2015-12-31: loss of over USD500MM. 3 months ending 2016-06-30: loss of USD107MM.
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Re:Snapchat Seeks to Raise as Much as $4B in IPO by joering2 on Wednesday October 26, 2016 @07:04PM (#12801541)
Well I'm sure those are the reasons why Google pass on :)
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Re:Snapchat Seeks to Raise as Much as $4B in IPO by user5994461 on Wednesday October 26, 2016 @07:14PM (#12801613)
They can't buy first and fire people afterwards. The cleansing would have dire effect on the alphabet parent company.
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Re:Snapchat Seeks to Raise as Much as $4B in IPO by dir on Wednesday October 26, 2016 @08:10PM (#12801893)
no need. Twitter announced it was firing ~20% of it's userbase.

Guess Google can swoop in and buy it now :)

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Re:Snapchat Seeks to Raise as Much as $4B in IPO by user5994461 on Thursday October 27, 2016 @07:13PM (#12811288)
Or they can repeat the process till they have 20% left ;)
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