4 ms·
Has stripe lost billions of dollars for 8 out of the last 10 years?
by PM_me_your_math 4y ago
Has stripe lost billions of dollars for 8 out of the last 10 years?
- dragontamer 4y agoRookie numbers. The new owner of Twitter took on $13 Billion in debt, which probably costs $1.3 Billion+ in interest payments alone. Twitter has gone from a hundred-million loss / year into a Billion+ per year loss in the past week, because of the decisions related to this buyout. That is the problem. $200 million loss per year is manageable. $1500 million loss/year is not.
- PM_me_your_math 4y agoTwitter's loss in 2020 was over $1,100,000,000. In the last 10 years, twitter has lost almost $4,000,000,000, posting profits in only two years (2018,2019). Twitters losses in 2021 were over 221MM, and 250MM to 700MM between 2013 and 2017. So the myth that Twitter was a healthy company is only promulgated by agenda driven opinions, not factual ones.
- dragontamer 4y agoAnd this year (and all years here on out), Elon Musk in his brilliance added $1,300,000,000 to that loss, because he took on a $13,000,000,000 loan to buyout the company. That's all I'm saying. The $1.3 billion/year in interest payments alone is a magnitude more loss than Twitter ever had before.