First study for accountant to understand the balance sheets Second study the P&L Third understand difference between OPEX and CAPEX Fourth and most important: the people who started and work for Twitter serve themselves generously. Other shareholders are not important. It has always been like this. How many employees from Microsoft, Facebook, Google..... became millionnaires from the generosity from their company? If you start a succesful company tomorrow, who will be the biggest beneficiary from that? And who will try to take as much as he can from the profits? The answer is two times YOU.
1/3 of revenues going to employee compensation is not unusual. I hope that's actual stock and not stock options callable for much, much more. Hard to tell.
Twitter is failing to grow the user base or the user engagement. This is a business fundamental issue. Twitter must address it.
When management told you there is no growth and they don't know how to grow...There is no reason to hold this stock.
Here are some fundamental problems I see with Twitter: Even the people that you THINK you want to follow end up not being that interesting at all. They just post stupid comments and other useless ramblings. The other issue is the 140 character limit. It's so short that nobody can post anything of substance except a sentence and a meaningless shortened URL to redirect people to wherever there is real content. So Twitter ends up being a weird middle man that doesn't really add anything to the equation. They can't really sell ads against 140 characters of text, and they know this, so they are trying the pay-to-post route where certain ads appear like real tweets. But most people's feeds are already clogged up with so much useless crap from the people they are following that any promoted posts just get lost in the shuffle.