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Ignoring the fact that it's a private company now with no publicly traded shares, Twitter loses $4 million per day. Before the buyout, most of its revenue (> 90
by drenner 4y ago
Ignoring the fact that it's a private company now with no publicly traded shares, Twitter loses $4 million per day. Before the buyout, most of its revenue (> 90%) based on ads. But now advertisers are leaving the site en masse and there's no real plan to replace that lost revenue, let alone make the company profitable.
- more_corn 4y agoAlso the leveraged buyout saddles twitter with debt. It coats $1B/yr to service (interest). I don’t see a light at the end of the tunnel, but I hear a train.