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Buried deep in a media release about Hootsuite achieving cash flow positive status last week was this little tidbit: the Vancouver-based social media startup would be opening offices in Sydney and Toronto.
Hootsuite had previously announced in July that it was officially cash-flow positive, good news following a tough year that included layoffs of 100 employees and a write-down. At the time, Holmes said that the company had trouble managing its massive scale, and no mention was made of Hootsuite’s expansion.