Only in Silicon Valley… the WSJ reports that the decline in Twitter’s financial performance could have been anticipated. If only investors had thought to look at the number of ping pong tables the company was purchasing leading up to the Q1 2016 earnings release:
Twitter’s gloomy quarterly report last week unsettled investors. They might have anticipated trouble more than a year ago had they noticed one key indicator.
Until late 2014, Twitter was regularly ordering ping-pong tables from Billiard Wholesale, a store in San Jose, Calif. Then, suddenly, it wasn’t.
The store’s owner, Simon Ng, figured it either ran out of space “or they’re having company problems.”