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They have about $5 billion in annual revenue. Most years they lose money, hence the poor stock performance. Welcome to silicon valley.
by Flankk 4y ago
They have about $5 billion in annual revenue. Most years they lose money, hence the poor stock performance. Welcome to silicon valley.
- goatcode 4y agoWelcome to InQTel
- krageon 4y ago> They have about $5 billion in annual revenue > Most years they lose money Absolutely grotesque.
- bombcar 4y 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 4y agoIt's also factually incorrect. The filings are public record.
- boomboomsubban 4y ago2021's revenue was ~$5 billion, and if I'm reading things correctly they've posted a profit twice since 2010.
- mypalmike 4y 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 4y 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.