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> In an email to staff, the owner of the social media firm said workers would be expected in the office for at least 40 hours a week, Bloomberg reported. meh.
by throwawayyy1 4y ago
> In an email to staff, the owner of the social media firm said workers would be expected in the office for at least 40 hours a week, Bloomberg reported.
meh. He bought a company that isn't making any money that acts like its raking in billions every year, staffed with people who think of it as a lifestyle business.
- zimpenfish 4y agoAccording to the 2021 financials, they lost ~$200M but that was after an ~$800M settlement[1] which means they seem to have made ~$600M in 2021 - not a huge amount but definitely not "going down the pan quickly". [1] https://news.yahoo.com/twitter-posts-loss-2021-stock-130128001.html https://news.yahoo.com/twitter-posts-loss-2021-stock-1301280...
- SpelingBeeChamp 4y agoWhy does the $800M settlement not count against the business under your accounting method? It happened.
- zimpenfish 4y agoIt does count, of course. But that's a one-off for 2021. If they kept the same financials for 2022 as they had in 2021, they'd have made ~$580m - a very different picture to the "TWITTER LOSES MONEY!!!!" meme.