Twitter in trouble: firm offers stock and cash bonuses to disheartened workers

Twitter Founder
Twitter’s year got off to a rocky start when it lost several top executives in January. The worrying set of departures means the company is now taking extra steps to prevent a similar, high-profile exodus occurring again.

Twitter has dramatically increased its employee compensation packages in order to retain talent, according to a new report by the Wall Street Journal. The financial perks include cash bonuses for selected employees that range from $50,000 to $200,000.

If that isn’t enough to tide over its skeptical workers, the company is also granting individuals various amounts of restricted stock, according to sources familiar with the matter who spoke to the newspaper.

Twitter shares have lost a whopping 60 percent of their value over the past 12 months. The stock giveaway is thus a form of compensation — which is calculated depending on when the employee commenced their tenure at the company — designed to make up for the value lost by stock owners since they joined Twitter.

It’s already been a troubling 2016 for the social network, which nonetheless remains a major player in the sector due to its 320-million-strong user base. The problem is those numbers aren’t growing, despite Twitter introducing a barrage of new initiatives aimed at attracting new users. Meanwhile, rumors regarding critical changes to the site’s design (including the expansion of its famous 140-character limit) and an implemented update to its timeline have risked alienating frequent users.

Aside from the four executives who departed at the start of the year, Twitter lost an additional high-profile employee in the past week. The company’s editorial director Karen Wickre left the fold after four years. Wickre oversaw the platform’s public-facing content, such as blogs and Twitter accounts.

Social Media

New Zealand attack shows that as A.I. filters get smarter, so do violators

The shootings in Christchurch, New Zealand were livestreamed to social media, and while stats show networks are improving at removing offending videos, as the system improves, so do the violators' workarounds.
Movies & TV

MoviePass returns to unlimited movies plan, but with plenty of restrictions

Troubled subscription-based movie service MoviePass is making headlines on a daily basis lately, and not in a good way. Here's a timeline of events for the company once described as Netflix for movie theaters.
Movies & TV

Apple bet big on TV and movie projects. Here’s what we know about them so far

Apple has an ambitious slate of original programming it has been developing in recent years, so will the March 25 event finally reveal when — and where — we will be able to see some of these TV shows and movies?
Social Media

Twitter is testing a handy subscription feature for following threads

Twitter has recently started testing a feature that lets you subscribe to a thread so that you’ll no longer need to like a comment or post to it yourself in order to receive notifications of new contributions.
Social Media

Twitter takes a cue from Instagram and Snapchat with new quick-swipe camera

Twitter is giving the "what's happening" treatment to photos and video by allowing users to access the in-app camera fast enough to catch and share the moment. The new Twitter camera is now accessible with a swipe.
Social Media

Yep, it’s not just you. Facebook, Instagram, and WhatsApp are down for many

Facebook's family of apps has been suffering issues for much of the day. Instagram, WhatsApp, Facebook Messenger, and Facebook itself have been out of action for users around the world, with the company scrambling to sort it out.
Social Media

Facebook may soon let you watch live TV with friends in Watch Party

Facebook Watch Party is designed to allow friends to watch together, even when they can't be in the same physical space. Now, that feature could be expanding to include live TV. Facebook announced a test of the feature, starting with live…
Social Media

Federal investigation digs into Facebook’s data-sharing deals

Facebook confirmed it is cooperating with a federal criminal investigation. According to a report, the company is under investigation for sharing user data with smartphone and tablet companies.
Social Media

Facebook explains its worst outage as 3 million users head to Telegram

Facebook, if you didn't already know it, suffered a bit of an issue on Wednesday, March 13. An issue that took down not only its social networking site, but also Instagram, WhatsApp, and Messenger. On Thursday it offered an explanation.
Gaming

Snapchat could soon let you play games in between your selfies

If a new report is accurate, Snapchat will be getting an integrated gaming platform in April. The platform will feature mobile games form third-party developers, and one publisher is already signed on.
Social Media

Your Google+ public content will remain viewable on the web, if you want it to

Google's failed social network — Google+ — will soon be wiped from the internet, but there's a team of volunteers working right now to save its public content for the Internet Archive.
Computing

There’s more space on MySpace after ‘accidental’ wipe of 50 million songs

MySpace is no longer a safe refuge for music and media produced in the 2000s. It said that almost any artistic content uploaded to the site between 2003 and 2015 may have been lost as part of a server migration last year.
Computing

Intel and Facebook team up to give Cooper Lake an artificial intelligence boost

Intel's upcoming Cooper Lake microarchitecture will be getting a boost when it comes to artificial intelligence processes, thanks to a partnership with Facebook. The results are CPUs that are able to work faster.
Photography

Insta-checkout? New Instagram service lets you shop without leaving the platform

Shopping on Instagram no longer means leaving the platform to checkout in a web browser. Instagram checkout launched in beta today with a handful of retailers, allowing users to checkout without leaving the app.