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Does Twitter even made money? The Wikipedia article claims they went from losing several hundred million in 2017 to making a billion in 2018, but I'm not seeing
by boomboomsubban 5y ago
Does Twitter even made money? The Wikipedia article claims they went from losing several hundred million in 2017 to making a billion in 2018, but I'm not seeing what change led to that huge turnaround.
- Schopenhauer01 5y agoSelling user data to governments?
- boomboomsubban 5y agoStarting in 2018?
- Flankk 5y agoThey have about $5 billion in annual revenue. Most years they lose money, hence the poor stock performance. Welcome to silicon valley.
- goatcode 5y agoWelcome to InQTel
- krageon 5y ago> They have about $5 billion in annual revenue > Most years they lose money Absolutely grotesque.
- bombcar 5y agoI haven't dug into the filings, but I wonder how much of that is "actual losses" and how much is "accounting losses to avoid tax".
- mypalmike 5y agoIt's also factually incorrect. The filings are public record.
- boomboomsubban 5y ago2021's revenue was ~$5 billion, and if I'm reading things correctly they've posted a profit twice since 2010.
- mypalmike 5y agoThey've posted (admittedly large) losses only 2 quarters since Q4 2017. https://www.alphaquery.com/stock/TWTR/earnings-history https://www.alphaquery.com/stock/TWTR/earnings-history
- baby-yoda 5y agoat least historically they had a DI/DS scheme (like many mega corps) so theres probably 10s of millions that are "expensed" to a foreign subsidiary to avoid tax.