Twitter has 412 years to fix itself
- 8 years ago
Twitter's stock is crashing.
Management is in upheaval.
But the micro blogging site has one giant thing going for it — $3.5 billion in cash — which buys it lots of time.
Shares of Twitter are down 65 cents, or 3.6%, to $17.19 Monday after CEO Jack Dorsey said four top executives were leaving the company.
Investors seem to be preparing for the worst — but the company's financial standing indicates it has plenty of time to get things right: 412 years to be exact.
Twitter has a giant advantage: Cash.
And lots of it.
The company ended its most recently reported quarter with $3.5 billion in cash and investments, says S&P Capital IQ.
If the company only burns $8.5 million a year in free cash — as it did the past 12 months — that's enough cash to last 412 years.
Management is in upheaval.
But the micro blogging site has one giant thing going for it — $3.5 billion in cash — which buys it lots of time.
Shares of Twitter are down 65 cents, or 3.6%, to $17.19 Monday after CEO Jack Dorsey said four top executives were leaving the company.
Investors seem to be preparing for the worst — but the company's financial standing indicates it has plenty of time to get things right: 412 years to be exact.
Twitter has a giant advantage: Cash.
And lots of it.
The company ended its most recently reported quarter with $3.5 billion in cash and investments, says S&P Capital IQ.
If the company only burns $8.5 million a year in free cash — as it did the past 12 months — that's enough cash to last 412 years.