4 ms·
> Most people don't really appreciate how close Twitter was to shutting down. > Twitter was on its death bed and was desperate for money. I worked at Twitter
by streblo 4y ago
> Most people don't really appreciate how close Twitter was to shutting down.
> Twitter was on its death bed and was desperate for money.
I worked at Twitter at the same time, and while the company definitely was going through a rough patch at that time, it was absolutely not anywhere close to 'shutting down' or 'on its death bed' financially.
- mikeyouse 4y agoYeah this kind of thing is easily verifiable.. Per page 41 in their 2016 annual report, the balance of cash + short term equivalents went from $3.6 billion in 2014 to $3.5 billion in 2015 to $3.7 billion in 2016. Their annual GAAP loss was roughly 1/7th of that. Not the most profitable company in the world, but they had plenty of cash and hand and no real trouble fundraising.
- ReptileMan 4y agoNever let facts derail a good story.