Measuring How Bad Twitter Is

My last spider web log post (exposing Twitter's excessive costs) prompted horror floor emails on Twitter.

But the best matter sent to me was a fiscal history of Facebook. The commencement re-create came from Twitter.

Here are the numbers.

Year Ended December 31,
	2014				2013				2012				2011				2010
	(in millions, except per part data)
Consolidated Statements of Income Data:
Revenue	$	12,466			$	7,872			$	5,089			$	3,711			$	1,974
Total costs as well as expenses(1)	7,472				5,068				4,551				1,955				942
Income from operations	4,994				2,804				538				1,756				1,032
Income earlier provision for income taxes	4,910				2,754				494				1,695				1,008
Net income	2,940				1,500				53				1,000				606
Net income attributable to Class A as well as Class B mutual stockholders	2,925				1,491				32				668				372
Earnings per part attributable to Class A as well as Class B mutual stockholders (2):
Basic	$	1.12			$	0.62			$	0.02			$	0.52			$	0.34
Diluted	$	1.10			$	0.60			$	0.01			$	0.46			$	0.28

(1)	Total costs as well as expenses include $1.84 billion, $906 million, $1.57 billion, $217 million, as well as $20 ane K m of share-based compensation for the years ended December 31, 2014, 2013, 2012, 2011, and 2010, respectively.

(2)	See Note 3 of the notes to our consolidated fiscal statements for a description of our computation of basic as well as diluted earnings per part attributable to Class A as well as Class B mutual stockholders.

When Facebook had $1.974 billion of revenue it had $1.008 billion of income earlier taxes.

Twitter is form of different.

Year Ended Dec 31,
		2015				2014				2013				2012				2011
		(In thousands, except per part data)
Consolidated Statement of Operations Data:
Revenue		$	2,218,032			$	1,403,002			$	664,890			$	316,933			$	106,313
Costs as well as expenses(1)
Cost of revenue			729,256				446,309				266,718				128,768				61,803
Research as well as development			806,648				691,543				593,992				119,004				80,176
Sales as well as marketing			871,491				614,110				316,216				86,551				25,988
General as well as administrative			260,673				189,906				123,795				59,693				65,757
Total costs as well as expenses			2,668,068				1,941,868				1,300,721				394,016				233,724
Loss from operations			(450,036	)			(538,866	)			(635,831	)			(77,083	)			(127,411	)
Interest expense			(98,178	)			(35,918	)			(7,576	)			(3,255	)			(1,271	)
Other income (expense), net			14,909				(3,567	)			(3,739	)			1,168				(1,064	)
Loss earlier income taxes			(533,305	)			(578,351	)			(647,146	)			(79,170	)			(129,746	)
Provision (benefit) for income taxes			(12,274	)			(531	)			(1,823	)			229				(1,444	)
Net loss		$	(521,031	)		$	(577,820	)		$	(645,323	)		$	(79,399	)		$	(128,302	)

When Twitter had $450 ane K m of operating losses as well as $533 ane K m of losses earlier tax.

There was almost $1.5 inwards departure inwards costs.

Facebook does more, had to a greater extent than increment rails as well as had much lower costs.

I received a lot of anecdotes as well as wild parties as well as profligate spending, as well as the plural of anecdote is information - but few things are every bit convincing every bit the raw numbers.

The determination is inescapable. Jack Dorsey - the Twitter CEO - should live fired.

This should hand off regardless of whether Twitter is bought or not. He but does non deserve the job.



John

PS. Twitter staff - I am non exaggerating. Look at the swain on your left as well as the immature lady on your right. Only ane of yous iii volition proceed your job.

Don't worry. It should live worse inwards the C-Suite.

Prepare resumes.