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Did you forget the $5B/yr they make from advertisers?

• paxys 4y ago
  Did you forget that they have expenses? The company is currently running at a net loss of over $3M/day.
• dragonwriter 4y ago
  > Did you forget the $5B/yr they make from advertisers? They…don’t. Their last quarterly numbers had a hair over $1B in advertising revenue, and that was both a quarterly and year-over-year increase, so they weren’t making more than $4B/year from advertising before Musk took over. Their advance sales were bad for next year because of the potential of the Musk takeover, and big accounts have backed out, and big agencies publicly advised clients to back out of the platform, based on what has gone on since the takeover.