4 ms·
Last time they were shopping, there was a huge influx of fake users, almost as though all fraud detection checks were disabled. This time is different, or is i
by mv4 9y ago
Last time they were shopping, there was a huge influx of fake users, almost as though all fraud detection checks were disabled.
This time is different, or is it. Just how much of their new revenue is due to fake users, ad fraud, and automation?
- adventured 9y agoThey don't have any new revenue. Sales were only up 2%. What changed is their expenses. Negative $167m to positive $91m in net income, year over year for the quarter. That's nearly entirely from adjusting their expenses down. Dorsey is turning Twitter into the profit machine it should have always been by properly adjusting its expenses to the size of the business (rather than the size they hoped it would become years ago).
- mv4 9y agoThat's actually better than I expected.
- samfisher83 9y agoThey are generating about 600 mil in free cash flow. Their revenues aren't growing. Other than acquisition there is no way to justify a 24 billion dollar valuation.