News for hackers. Stuff that matters.

A comment on Twitter says it could turn first-ever profit. Parent comment

Re:Twitter says it could turn first-ever profit by hobofan on Thursday October 26, 2017 @02:05PM (#15561438)
"Let's force ourselves to be profitable right now, regardless of the fact that it will destroy our future profitability"

Soundcloud just had a similar shock happen, and after all the people they had to fire, I would not be surprised if that will kill the company in the mid-term, even with their new investment. If you have no ability to innovate due to missing staff, there is a good chance that your competitors will eat you alive.

[ Parent | on HN ]
Re:Twitter says it could turn first-ever profit by bm1362 on Thursday October 26, 2017 @10:56PM (#15565344)
I think SoundCloud's downfall would be it's huge investment into record label deals, it's paywalling to support said deals and then the lack of adoption for it's subscription service for access to those label's music.

Essentially, SC tried to pivot to Spotify, pissed off free users, and let it's actual paying user base stagnate for 2 years.

Then all that capital investment had no return and they're stuck in big contracts with hefty guaranteed payouts.

[ Parent | on HN ]
Re:Twitter says it could turn first-ever profit by ProAm on Thursday October 26, 2017 @04:56PM (#15562930)
10+ years of losing money.
[ Parent | on HN ]