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> [Twitter] hasn’t booked an annual profit since 2019, and posted a loss in eight years of the past decade. The company’s net loss narrowed in 2021, to $221.4 m
by smoldesu 4y ago
> [Twitter] hasn’t booked an annual profit since 2019, and posted a loss in eight years of the past decade. The company’s net loss narrowed in 2021, to $221.4 million from $1.14 billion the previous year.
Hard to imagine what shareholder morale looks like for a company that has lost money for the better half of a decade.
- pohl 4y agoIs it common to refer to the owners of a private company as "shareholders"? (TWTR was delisted.)
- drKarl 4y agoOr bagholders?
- fakedang 4y agoPrivate shares are, at the end of the day, still shares.
- FartyMcFarter 4y agoThe current private holders knew what they were getting into though, at least as far as past financial results. Granted, they may not have known that Musk was going to unleash this much chaos so quickly on the company.
- lambic2 4y agoDidn't Elon buy every outstanding Twitter share with the $44 billion since it was a cash offer? That would mean there are no remaining Twitter shareholders besides Musk. edit: I don't get why I'm getting downvoted. Is it not correct that all Twitter shareholders were just given cash at the time of purchase? https://www.nbcnews.com/business/business-news/what-happens-to-twitter-stock-now-going-private-rcna54531 https://www.nbcnews.com/business/business-news/what-happens-...
- ryanwaggoner 4y agoDorsey retained a chunk, maybe others