Twitter Stock Down as Revenue Plummets and a Diversity Scandal Rises

Twitter suffered a very dismal third quarter for 2015, with Twitter stock currently down 1.8 percent. And between Q2 and Q3, Twitter only increased its monthly active users by 1.25 percent.


Meanwhile, Twitter now also finds itself in the midst of a very public diversity problem. Following CEO Jack Dorsey’s decision to lay off 9 percent of Twitter’s employees, Rev. Jesse Jackson wrote a letter to Dorsey regarding the layoffs and expressed his concern that the decision targeted minorities, who are already severely underrepresented at the company.

“Twitter already has an appallingly low number and percentage of African Americans and Latinos working at your company, around 60 total in the workforce and zero in your boardroom and c-suite leadership,” he wrote. “We are concerned that a disproportionate number and percentage of Blacks and Latinos were adversely affected in your recent layoffs.”

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