Daily Archive: December 22, 2016

Twitter is “toast” as a company and the stock is not even worth $10, according to a research note published Tuesday, following the departure of another top executive at the social media service.

The microblogging platform’s chief technology officer, Adam Messinger, tweeted that he would leave the company and “take some time off”, while Josh McFarland, vice president of product at Twitter, also said he was exiting the company. Both executives announced their departure on Tuesday.

Meanwhile, last month, Adam Bain stepped down as chief operating officer last month to be replaced by chief financial officer Anthony Noto, who has yet to be replaced. Twitter has also lost leaders from business development, media and commerce, media partnerships, human resources, and engineering this year.

The departures prompted Trip Chowdhry, the managing director of equity research at Global Equities Research, and a noted “uber-bear” on tech stocks, to issue a note on Tuesday claiming Twitter is “toast” and “not even a $10 stock”.

Source: Twitter is ‘toast’ and the stock is not even worth $10: Analyst

In retrospect, it is obvious that the scam as zeitgeist emerged out of real necessity: College loans are crippling, the job market is iffy and many of us are working part-time or freelancing (which feels, too often, like another scam). Rents are inordinately high, wages have flatlined, home ownership seems near-impossible, and even average life expectancy has, in an unprecedented turn, gone down in this country. Who could blame anyone for sympathizing with a scammer, someone who’d do whatever it takes to get theirs in a post-recession economy that’s split the 1 percent?—?who scammed the economy and then got hundreds of millions of dollars of taxpayer bailout as a reward?—?even farther from the regular folk? Underneath the surface of Donald Trump and Joanne the Scammer’s appeal is the anguish that traditional modes of achieving success are now entirely bankrupt?—?scamming, it seems, is all we’ve got.

Source: Why 2016 Was the Year of the Scam