Twitter purged conservatives and its user rank dropped from 3 to 9

Undoubtedly Twitter is Goliath and Gab is David, but Twitter’s 14-month purge of conservative voices  has had a negative financial effect.  It is going to take a long time before the trickle of conservatives from Twitter to Gab becomes a flood but in the meantime Twitter despite its size is  still not profitable.

After plunging to an all-time-low in June, Twitter’s rise to $19 per share on rumors of a buy-out picked up credibility this week when its co-founder said the wilting social network company must ponder options, such as a buy-out.

…Williams was asked on Bloomberg TV whether Twitter was a takeover target.

At first Williams tried to avoid the topic, but then went on to acknowledge that the company must ponder alternatives, which would include a merger or acquisition.

…Breitbart News reported in June 2015 that the termination of Twitter CEO Dick Costolo, who won high praise for not knuckling under to Leftists’ social networking “thought police,” would be a disaster, especially with the company on the verge of profitability.

But then Obama campaign cash bundler Chris Sacca led a Board of Directors coup d’état to fire Costolo, who “proudly worked on President Barack Obama’s campaign as a Telecommunications, Media, and Technology advisor, a speaking surrogate, a field office volunteer, and as Co-Chair of Finance and a Trustee of the Presidential Inaugural Committee.”

Twitter began a purge of conservatives that muzzled free speech. Despite enjoying a lift from Republican Donald Trump, who has been using the social media platform as his political firehouse, Twitter monthly average user growth died. Over the last 14 months Twitter’s social media user rank dropped from number three to number nine.

…Twitter has continued to lose money and burn cash since Costolo was booted. From June 2015 to June 2016, Twitter lost a jaw-dropping $408.9 million on revenue of $2.48 billion.

“Twitter doesn’t improve their interface enough, they have languished behind Facebook in that regard,” Tchong added. He thinks that any buyer would have to be someone that “understands that frequent improvements in the user interface and the site’s features are absolutely essential.”

Twitter’s stock peaked at about $69 a share in 2014 during its first year being public. But the stock imploded after Costolo was shown the door. Without the rumor value for buy-out, the share could trade in the single digits, according to many Wall Street analysts.

-Breitbart.com

 

  • shykiwibloke

    A quick Google and it appears a Saudi money is behind the second largest investor in Twitter. Combine that with the Obama link this article covers and it would seem Twitter has significant agenda value as a conduit to the worlds MSM. This just makes Trumps use of it even more ironic!

  • Observer

    Not surprising. I enjoy twitter, but their bias against conservatives – highlighted by shadow bans and the actual banning of Milo Yianpoulous – is ridiculous.

  • cows4me

    Oh dear what a tragedy. Twitter is the perfect example of leftist ideals. Kill dissent, make sure the narrative is yours and only yours and hope some fool pays for it all. The trouble with all leftist ideals is they rely on a captive collective that have no where else to go. Twitter is the left once again coming face to face with reality.

  • jumpnmcar

    Conquests 2nd Law

    ” Any organization not explicitly right-wing sooner or later becomes left-wing.”

  • Jim460

    A key point here is that Left-wing activists don’t usually earn a lot of money to spend on things advertisers’ want. They are usually too busy trying to spend other peoples’ money. I doubt providing an Echo chamber for the activists is profitable.

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