5 ms·
> The balance sheet speaks for itself a) Revenue increased 37% y/y. b) User count growing at 2% y/y. c) Profit of $273m in 2021 when you exclude once-off lit
by threeseed 5y ago
> The balance sheet speaks for itself
a) Revenue increased 37% y/y.
b) User count growing at 2% y/y.
c) Profit of $273m in 2021 when you exclude once-off litigation expense.
https://www.prnewswire.com/news-releases/twitter-announces-fourth-quarter-and-fiscal-year-2021-results-301479494.html https://www.prnewswire.com/news-releases/twitter-announces-f...
- woadwarrior01 5y ago> c) Profit of $273m in 2021 when you exclude once-off litigation expense. The once-off litigation expense might soon be recuring in 2022, after this move. The former was a shareholder class action lawsuit, and the latter will most likely be the same.
- threeseed 5y agoTwitter is predicting a drop in GAAP loss in 2022 to between $225-$175m. So even if the lawsuit is recurring (neither of us know) they are still managing to reign in their losses. By any definition the company is heading in the right direction.