Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
While investors are hurting, the slide is a bigger problem for employees.
That's because Twitter has been highly reliant on stock as a form of employee pay. Twitter's stock-based compensation expense in 2015 of $682.1 million represented 18 percent of revenue, more than any other U.S. technology company with a market value of at least $1 billion, according to FactSet.
Twitter is trading 35 percent below its IPO price, punishing company morale and leaving many employees holding paper with sinking value. They're not forecasting much improvement. Only 54 percent of Twitter employees surveyed by company review site Glassdoor have a positive business outlook, down from 73.9 percent a year ago.
"It makes it easier for someone to go poach them, no question," said Brian Wieser, an analyst at Pivotal Research Group who still has a "buy" rating on the stock.
A Twitter spokesperson declined to comment for this story, citing the company's quiet period ahead of earnings.
Palo Alto Networks, a security vendor, has the second-highest ratio of stock-based compensation expense to revenue at 17 percent. Other companies with high ratios are LinkedIn, which is being acquired by Microsoft, at 12 percent, and Yelp at 11 percent, according to FactSet.
Facebook's expense equals 10 percent of revenue and Alphabet's is 4.9 percent.
Stock options and restricted stock units (RSUs) are popular forms of compensation at emerging tech companies, who don't have the cash to compete for talent with more established businesses but can lure recruits with the hope of future riches.
When it works, it really works.
Just ask Facebook or Google employees who received options at a few dollars per share and stuck around long enough to see them vest and convert to tradeable stock. Google parent Alphabet now trades at over $800 a share and Facebook is over $125.
But after last week's slide, Twitter shares are worth $16.88 a piece. The company debuted on the New York Stock Exchange at $26 in 2013.
At its IPO, Twitter had more than 85 million outstanding shares subject to RSUs with an average grant-date value of $16.89. With about 3,900 employees, Twitter is almost twice as big today as it was then.
When the stock was trading in the $40s and $50s from 2013 to early 2015, employees were getting paid in restricted stock at those prices.
Of course, early employees are still in good shape. The weighted per-share average price of options issued in 2010 and 2011 was 55 cents and $1.34, respectively, according to Twitter's IPO prospectus.
There's a positive spin to the stock's slide, according to Wieser. Employees and prospects who see Twitter's impressive reach and view the stock as beaten down could be excited about the opportunity to accumulate equity at a discount.
"If they believe in the company, they have to believe the stock is cheap, in which case they know the next issuance will provide value," Wieser said.
That's a big if. Twitter has a business conundrum that's proving difficult to address.
Facebook keeps growing and Snapchat is capturing the younger generation, but Twitter has stagnated with the number of monthly active users increasing only 3 percent in the second quarter from the previous period to 313 million. Sales growth of 20 percent in the quarter was by far the lowest rate of expansion since the company's IPO.
Stock compensation "is more a symptom of the problem than a problem by itself," said Aswath Damodaran, a finance professor at New York University's Stern School, in an e-mail. "Twitter's problems are more fundamental. They cannot figure out how to monetize their users."