> "Amazon has gone through similar periods where the thesis to not invest has almost always been "they don't make any money"" Amazon didn't make money because

> "Amazon has gone through similar periods where the thesis to not invest has almost always been "they don't make any money"" Amazon didn't make money because they had tremendous capital expenditures but they had amazing cashflow and revenues. Twitter has none of these. There is no comparison at all. > "Mostly it seems to be comparing Twitter's numbers with Facebook's, and assuming there is 100% overlap between the two companies in terms of niche." Totally false, the criticism is that Twitter has turned away from what made them unique and tried to do things like Facebook. All the while Facebook stole their good ideas while Twitter sat on them doing nothing.