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There are answers to all your questions and they come down to; Twitter was making a profit. Maybe it could have been more. But a profitable business is, almost
by IfOnlyYouKnew 4y ago
There are answers to all your questions and they come down to; Twitter was making a profit.
Maybe it could have been more. But a profitable business is, almost by definition, sustainable. There was no need for rash action.
- philliphaydon 4y agoTwitter has only had 2 years of positive net income. 2018/2019. So I can’t agree with “Twitter was making a profit” it was bleeding.
- ilyt 4y ago"was". For two years[1], pre pandemic. It's net negative over last 10 years and over last 3-4 years. Worse, revenue[2] increased but costs increased faster By all metrics it was burning money faster than it could increase revenue [1] https://www.statista.com/statistics/274563/annual-net-income-of-twitter/ https://www.statista.com/statistics/274563/annual-net-income... [2] https://www.businessofapps.com/data/twitter-statistics/ https://www.businessofapps.com/data/twitter-statistics/