Twitter Inc. might have a problem; or not, depending on whom you are asking. However, one certain fact is that Twitter’s community managers take their jobs very seriously, or they have more than enough time on their hands. Breaking news suggests that Twitter is now in the business of deleting tweets that steal other people’s jokes.
Twitter is set to report its second quarter (Q2 2015) results tomorrow (Tuesday), and while investors are waiting to see how the firm has fared, the firm is busy chasing plagiarized jokes all over the Internet.
Twitter is the New Joke Police
The Verge reported that Olga Lexell, a freelance writer in Los Angeles started Twitter on the path to deleting stolen jokes. It appears that Olga noticed that other Twitter users were posting one of her jokes without her approval. They didn’t retweet her tweet containing the joke, they didn’t mention her, and they didn’t give her any credit for the joke. What they did was to copy the text of the joke and paste it as a tweet.
Olga then contacted Twitter and she requested to have the tweets containing the jokes down because the jokes were her intellectual property. In her own words, “I simply explained to Twitter that as a freelance writer I make my living writing jokes (and I use some of my tweets to test out jokes in my other writing). I then explained that as such, the jokes are my intellectual property, and that the users in question did not have my permission to repost them without giving me credit”.
To Twitter’s credit the jokes were deleted and the following message “this tweet from XYZ has been withheld in response to a report from the copyright holder” was uploaded in their steads.
Twitter Had Better Not Joke With Earnings Tomorrow
Twitter is set to release its second quarter earnings after the market closes tomorrow. The firm is yet to post a profitable quarter but it has posted better than expected losses in the last four quarters. The firm has posted an average positive surprise of 12.80% in the last four quarters.
In fact, the market is optimistic about how Twitter will report tomorrow. The consensus estimate is that Twitter will post earnings of $0.04 per share on revenue of $480M. The estimate marks a 50% increase in earnings and a 54% increase in revenue.
If Twitter meets or beats the consensus estimate tomorrow, you can expect a significant uptrend in its share price. However, Twitter’s failure to meet or beat the expectations tomorrow doesn’t necessarily mean that its stock will come crashing. The exit of Dick Costolo as CEO should buy Twitter more time with investors as they wait for the new management to fix things at Twitter.