"The operating loss at the time was 39 million euros, widening from 21.3 million euros in 2013." Hmm... Not the most obvious why this would be worth a Billion.

"The operating loss at the time was 39 million euros, widening from 21.3 million euros in 2013." Hmm... Not the most obvious why this would be worth a Billion. Is paying subscribers or visitors still growing at a rate that makes it possible to see a scenario where this makes sense to turn a profit? Or is Twitter just embarrassed about their investment and going to finish purchasing to save face?