4 ms·
Years of non-profitability would suggest it, but I am not well versed in what goes on internally on twitter.
by LAC-Tech 4y ago
Years of non-profitability would suggest it, but I am not well versed in what goes on internally on twitter.
- acdha 4y agoIt’s a little trickier than that: their income has been growing substantially for years. https://www.statista.com/statistics/274566/twitters-annual-revenue-by-channel/ https://www.statista.com/statistics/274566/twitters-annual-r... 2021 would have been a profit of $300M had they not included a one-time lawsuit settlement. What really stands out is how much they spend on stock-based compensation – it seems like that would have been a key area to save money but that was also less than a third of the $1.2B in new annual debt which Musk just added so I have no idea how they could make the numbers work anymore. https://s22.q4cdn.com/826641620/files/doc_financials/2021/ar/FiscalYR2021_Twitter_Annual_-Report.pdf https://s22.q4cdn.com/826641620/files/doc_financials/2021/ar...