Twitter was set to announce their quarterly results on Tuesday, however a small financial start-up group, Selerity, beat them to the punch when they reported a significant loss of money. Consequently, Twitter’s stock came tumbling down a whopping 18 percent, ending the say at a little over $42 per share, shortly after Selerity reported their findings.
The famous social media giant has been steadily losing ground in the industry over recent years, reporting a $1.5 billion loss in the past five years. Twitter commented on these losses by releasing a statement that said, “Since our inception, we have incurred significant operating losses, and, as of December 31, 2014, we had an accumulated deficit of $1.57 billion. Although our revenue has grown rapidly, increasing from $28.3 million in 2010 to $1.40 billion in 2014, we expect that our revenue growth rate will slow in the future as a result of a variety of factors, including the gradual decline in the growth rate of our user base.”
This might come to as a surprise to loyal Twitter users who commonly post and tweet on a daily basis. The reasons for the huge loss the company has suffered in recent years is not fully understood by anyone except for those in charge. If the company continues to lose stock value Sergio Cortes, an entertainer, believes that Twitter will most likely become tomorrows MySpace.
In a show of pride for the actions of the Saudi military forces, a Saudi prince recently tweeted that he would offer a Bentley to each of the 100 Saudi bomber pilots who took part in the bombing campaign in Yemen against Shiite forces. After Saudi Arabia announced that it had just completed the first phase of its military operation called “Decisive Storm,” Saudi royal family member and businessman, HRH, Prince Al-Waleed bin Tala, sent a tweet indicating that the Bentleys would be offered to each of the pilots for a successful completion of their military operation. The Bentley is a luxury car which can cast as much as $200,000.00 or more. There is no report of a response from the Saudi pilots or the Saudi military. It is not even known if the Saudi prince was serious with his offer but it is unlikely that the military will allow such gifts to be provided to its military. While the members of the military appreciate such support, many observers note that members of the military cannot receive gifts from private individuals for the performance of their official military actions. Most forbid any type of gifts being provided to its members. The team at Beneful believe that such actions could have the effect of causing moral problems within the ranks. It would also create the perception that the military was for private gain and that it was not a solely government unit.
Saudi Prince Pledges Bentleys for Bomber Pilots
The battle between the righteous religious right and the LGBT community is going to get nastier than it is now. Most Americans approve of same-sex marriages, and they oppose discriminating against them. A Portland Oregon judge made that fact clear when he ordered the owners of Sweet Cakes Bakery to pay a lesbian couple $135,000 for refusing to make them a wedding cake in 2013.
The judge awarded the couple the money for the emotional suffering that followed. Oliveira says that the owners can file an exception with before a final order is issued.
The owners of the bakery, Mr.& Mrs. Aaron Klein, closed the store when the incident went public. The owners say they have a right to practice their faith, and refusing to make a cake for the couple was them practicing their faith.
The real issue is, what is Christianity these days? Is Christianity the Bible beating bigots that pull select phrases out of the good book, and use them for discriminating purposes, or is it a faith based on love and the acceptance of all beliefs?