Struggling Twitter to Rent Out Office Space

Advertisement
By Indo-Asian News Service | Updated: 9 August 2016 11:34 IST
The beleaguered micro-blogging website Twitter is looking to rent space at its headquarters in San Francisco to other companies.

According to sfgate.com, Twitter has contacted San Francisco brokerage firm Cresa to market 183,642 square feet of "fully furnished" office space at its two buildings in Market Square.

"We're always looking at ways to use our office spaces more efficiently and effectively. We remain committed to our home in San Francisco's Mid-Market area," a Twitter spokesperson was quoted as saying.

Earlier this year, Twitter was considering renting out a partial floor of its Market Street headquarters to financial technology firm Affirm but the deal fell apart.

Advertisement

According to reports, Twitter is also seeking to rent out 24,000 square feet in its Manhattan office.

Advertisement

Earlier this month, there were rumours saying that former Microsoft chief executive Steve Ballmer was buying the micro-blogging website.

There were multiple reports, saying that Ballmer and Saudi Arabia's Prince Al-Waleed bin Talal were getting ready with a bid to buy Twitter.

Advertisement

Twitter was yet to respond to the rumour.

Earlier, although it added three million users - one million more that what analysts had expected - the not-so-promising second quarter earnings results led to the shares of micro-blogging website Twitter tumbling.

Advertisement

The company posted quarterly revenue of $602 million, up 20 percent year-over-year and reported $107 million GAAP net loss ($0.15 per share) with quarterly non-GAAP net income of $93 million ($0.13 per share).

A year ago, the year-over-year growth was 61 percent and two years back, it was a whopping 124 percent.

The average monthly active users (MAUs) were 313 million for the quarter, up only 3 percent compared to 310 million in the previous quarter.

The micro-blogging website is now looking at the video and news streaming space to revive its fortunes.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Jack Dorsey, Social, Twitter
Advertisement

Related Stories

Popular Mobile Brands
  1. Xiaomi's HyperOS 3 Update Is Rolling Out to These Phones, Tablets
  2. Realme Narzo 90 Series With 7,000mAh Battery Launched in India: See Pricing
  3. OpenAI Says ChatGPT Will Soon Become an Operating System
  4. Dhruv64: India's First Homegrown 64-Bit Dual-Core Microprocessor Unveiled
  5. Realme 16 Pro to Launch With Urban Wild Design in These Four Colourways
  6. SBI YONO 2.0 Launch: State Bank of India Reportedly Targets 20 Crore Users
  7. Astronomers Watch a Dormant Neutron Star Reignite After a Decade of Silence
  8. Gaming-Focused OnePlus Turbo Series Confirmed to Launch Soon
  9. Google Says It Will Discontinue Its Dark Web Reports Due to This Reason
  10. Oppo Find X9 Ultra Battery Capacity Teased By Company Executive
  1. Global Smartphone Shipments to Slightly Shrink in 2026 Due to RAM Shortage, Higher Component Costs: Report
  2. Dead Island 3 Is in Development at Dambuster Studios; Launch Planned for 2028
  3. Google and ChatGPT Remain the Most Popular Services as Internet Traffic Grows by 19 Percent: Cloudflare
  4. HyperOS 3 Update Rolls Out to Xiaomi 14, Redmi Note 14 5G and More Devices With Android 16, New AI Features
  5. iOS 26.3 Beta 1 Reportedly Adds Transfer Tool for Switching to Android, Notification Forwarding for Wearables
  6. OpenAI Hires New Head of App Platform to Turn ChatGPT Into an Operating System
  7. Honor Power 2 Chipset, Display Specifications Tipped; Could Launch With 10,080mAh Battery
  8. Hollow Knight: Silksong's First Major Expansion, Sea of Sorrow, Announced; Launch Set for 2026
  9. Oppo Find X9 Ultra Battery Capacity Teased By Company Executive: Here's What We Know So Far
  10. Dhruv64: India’s First Homegrown 64-Bit Dual-Core Microprocessor Unveiled
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.