Articles Recently Tagged: Twitter

(21 posts)

LinkedIn’s Tumble Could Roil the Market in San Francisco

Back in 2014, when LinkedIn pre-leased the entire 450,000-square-foot building at 222 Second Street that’s slated to open its doors later this year with room for up to 2,500 employees, its stock was trading around $175 per share. As a plugged-in reader wrote at the time: “For tech companies... Read More »

Square Trading within Pennies of IPO Price, Twitter near All-Time Low

Square is currently trading at $9.16 per share, which is 16 cents (2 percent) above the deeply discounted price at which it went public and $3.91 (30 percent) below the $13.07 per share price at which it closed its first day of trading with underwriter support in place for... Read More »

Art Deco Warehouse near Twitter on the Market with Plans

Art Deco Warehouse near Twitter on the Market with Plans

Plans to raze the Art Deco warehouse and body shop at 255-265 10th Street and build 50 residential units over parking for 50 cars and 1,000 square feet of new retail space upon the SoMa parcel which is zoned for development up to 55-feet in height were floated nine... Read More »

Square Prices at 42 Percent Below Last Private Round

In an attempt to engineer a big post-offering pop, and avoid an infectious fizzle, Square (SQ) priced its shares, which will start trading Thursday, at $9 apiece. The $9 price is 18 percent below the low-end of the expected range and 42 percent below the $15.46 price at which... Read More »

Twitter Cutting Up To 336 Employees, Average Severance Revealed

As expected, Twitter’s Board of Directors has approved cutting up to 336 employees, or roughly 8 percent of its global workforce. And Product and Engineering “are going to make the most significant structural changes,” according to an email to employees from Twitter’s CEO, Jack Dorsey, this morning: “We feel... Read More »

Twitter Reportedly Planning Company-Wide Layoffs Next Week

While the number of employees to be let go has yet to be released, Twitter is reportedly planning a round of company-wide layoffs next week.  And according to Re/code, “insiders say it will likely affect most, if not all, departments” (i.e., engineering won’t be spared). Twitter had around 4,200... Read More »

A Peek At The Sky-Bridge To Connect Twitter’s Staff

A Peek At The Sky-Bridge To Connect Twitter’s Staff

While Twitter is grabbing headlines for the pending departure of CEO Dick Costolo, and Shorenstein is quietly shopping the two Mid-Market buildings in which Twitter is headquartered, we gaze upward at the first renderings for the proposed sky-bridge which would physically connect the Market Square buildings and Twitter’s staff.... Read More »

Twitter Won’t Be Expanding Into “1 Tenth”

Twitter Won’t Be Expanding Into “1 Tenth”

The ten-story building at 875 Stevenson Street was constructed as an expansion of the San Francisco Mart and Western Merchandise Exchange building at 1355 Market Street in 1975. Recently re-skinned and redeveloped as part of Shorenstein’s Market Square development, and with plans for a 35-foot skybridge to be built... Read More »

Google Expands San Francisco Footprint By Over Fifty Percent

Google Expands San Francisco Footprint By Over Fifty Percent

With an estimated 2,500 employees in the city, behind Salesforce with an estimated 4,000 and ahead of Twitter with an estimated 1,500, Google is the second largest tech employer in San Francisco. And while rumors of Google’s move to secure either the Transbay Tower (now Salesforce Tower) or Salesforce’s... Read More »

Twitter Drops 18 Percent As Lockup Expires And Selling Spikes

Priced at $26 a share, Twitter stock started trading around $45 in November and closed its first day of trading at $41.65. Having reached a high of $73.31 in December, Twitter opened today at $35.61 and closed at $31.85, down nearly 18 percent as the lockup period for insiders... Read More »