dChan
Anonymous ID: a374fa March 23, 2020, 2:05 p.m. No.8535550   🗄️.is 🔗kun   >>5598 >>5644

Twitter Withdraws Q1 Guidance As Ad Revenues Crash

 

o sad.

 

Moments ago Twitter, which in recent months has taken upon itself to become the supreme arbiter of all that is politically correct, noble and just (or at least is not frowned upon by the Chinese Communist Party) in this cruel world where readers are completely unable to make up their minds on their own without a blue bird telling them what they should or should not read, and what, in its eyes, is arbitrary fake news, which is ironic for a company whose Associate General Counsel and Senior Legal Director Jeff Rich recently incited the "culling" of a standing president in clear violation of the company's terms of service…

 

YES!! Again, this 👇 Excise the Trump cancer, then deliberate over policy differences. He is the single most destructive force against our system of government, way of life and American values EVER! He must be culled from the herd. ASAP! https://t.co/MVfdAylV2H

— Jeff Rich (@jeffrich) February 1, 2020

 

… and which until recently was caught in an activist investor spat with Elliott's Paul Singer who demanded the ouster of Africa-bound CEO, Jack Dorsey, before reaching some behind the scenes agreement that allowed @Jack to remain at the company and at the colon cleansing safari lodge at the same time, announced it is withdrawing its Q1 revenue and operating income guidance for the first quarter amid a plunge in ad revenue, while also withdrawing its outlook for expenses, stock-based compensation, headcount, and capital expenditures for the full year due to coronavirus pandemic.

 

Blaming the covid pandemic, which is bizarre as virtually every American is now stuck in front of their computers blasting meaningless text message into the ether in hopes of impressing their echo chamber, Twitter said that "based on current visibility, the company expects Q1 revenue to be down slightly on a year-over-year basis. Twitter also expects to incur a GAAP operating loss, as reduced expenses resulting from COVID-19 disruption are unlikely to fully offset the revenue impact of the pandemic in Q1."

 

“Twitter’s purpose is to serve the public conversation, and in these trying times our work has never been more critical. We’re seeing a meaningful increase in people using Twitter, and our teams are demonstrating incredible resilience adapting to this unprecedented environment,” said Jack Dorsey, Twitter's Chief Executive Officer. “We’ll continue to navigate this environment focusing on supporting our employees, customers, and partners, while strengthening our service for everyone around the world and adjusting to a new operating and economic environment.”

 

“Twitter had a strong start to the year before the effects of COVID-19 began spreading more broadly, including a successful Super Bowl and overall strength in the US. The COVID-19 impact began in Asia, and as it unfolded into a global pandemic, it has impacted Twitter’s advertising revenue globally more significantly in the last few weeks," said Ned Segal, Twitter's Chief Financial Officer. “We have made solid progress on our consumer and revenue product priorities and we remain confident in our opportunity and strategy. We hope everyone stays healthy and safe."

 

Of course, the culprit is not a drop in traffic: indeed, Twitter like everyone else online is benefiting from the surge in online conversations, and the company admits as much saying that "global conversation about COVID-19 as well as ongoing product improvements are driving strength in total monetizable DAU (mDAU), with quarter-to-date average total mDAU reaching approximately 164 million, up 23% from 134 million in Q1 2019 and up 8% from 152 million in Q4 2019. "

 

Instead, what this means is that Twitter's ad revenue - as all other online portals - is in freefall, as the coronavirus emerges as the catalyst that cripples not only Twitter but all other ad-supported tech giants, such as Facebook and Google.

 

Who knows maybe once this is all over, Twitter will be forced to lay off its pro-establishment content nazis and the platform that started off as an experiment in free speech will finally return to its roots.

https://www.zerohedge.com/markets/twitter-withdraws-q1-guidance-ad-revenues-crash

Anonymous ID: a374fa March 23, 2020, 2:31 p.m. No.8535895   🗄️.is 🔗kun   >>5945

Liberty Broadband, Inc. sold by BoD member: $31.17m-Mar 9-19

 

Liberty Broadband Corp holds interest in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook). The Company's segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions. Charter is an equity method investment that provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Charter offers its customers subscription-based video services, including video on demand (VOD), high definition television, and digital video recorder service, Internet services and voice services. Skyhook's Wi-Fi location solution can be used to help carriers and emergency personnel offer E-9-1-1 services domestically. Charter offers broadband communications solutions for businesses and carrier organizations.

 

Number of employees : 56 people.

 

Charter Communications, Inc. is an American telecommunications and mass media company that offers its services to consumers and businesses under the branding of Spectrum. Providing services to over 26 million customers in 41 states,it is the second-largest cable operator in the United States by subscribers, just behind Comcast, and third largest pay TV operator behind Comcast and AT&T. It is the fifth largest telephone provider based upon residential subscriber line count.

 

In late 2012, with the naming of longtime Cablevision executive Thomas Rutledge as their CEO, the company relocated its corporate headquarters from St. Louis, Missouri, to Stamford, Connecticut, although many operations still remain in St. Louis. On May 18, 2016, Charter completed its acquisition of Time Warner Cable and its sister company Bright House Networks, making it the third-largest pay television service in the United States. Charter ranked No. 70 in the 2019 Fortune 500 list of the largest United States corporations by total revenue.

 

J. David Wargo has served as president of Wargo & Company, Inc., a private investment company specializing in the communications industry, since 1993. He is also a senior advisor to New Mountain Capital, LLC, a co-founding member of Act II Partners, LP, since 2002, and a co-founding partner of PRC Venture Partners, LLC, since 2006

https://www.finviz.com/insidertrading.ashx?oc=1082013&tc=7&b=2

https://www.marketscreener.com/LIBERTY-BROADBAND-CORPORA-18445410/