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https://www.nytimes.com/2022/04/28/technology/twitter-first-quarter-earnings-elon-musk.html https://www.nytimes.com/2022/04/28/technology/twitter-first-... Twi

by pfisch 4y ago

https://www.nytimes.com/2022/04/28/technology/twitter-first-quarter-earnings-elon-musk.html https://www.nytimes.com/2022/04/28/technology/twitter-first-... Twitter was profitable before this happened, even with the increased headcount. It seems like all the loans Elon took out put a noose around Twitter for no benefit to the platform at all.

sf4lifer 4y ago
Yah. Buying a platform for 4X it's worth in a leveraged buy-out, antagonizing it's primary revenue source while firing half it's staff to roll-out a monetization strategy that 80%+ of 1M+ respondents said they don't want isn't exactly an inspiring start.