2 ms·
> Twitter was losing a billion dollars per year when Jack left as CEO. He left in 2021 when they lost $220M (not a loss of a billion dollars) because of an $80
by zimpenfish 4y ago
> Twitter was losing a billion dollars per year when Jack left as CEO.
He left in 2021 when they lost $220M (not a loss of a billion dollars) because of an $800M settlement which means they -technically- made a profit of $580M (very much not a loss of a billion dollars.)
If you're thinking of 2020, that does seem to have been a $1.1bn net loss but that's somewhat balanced by 2019 which was a $1.4bn net income (according to [1])
[1] https://www.republicworld.com/technology-news/social-media-news/twitter-reports-1-dollars-14-cents-billion-net-loss-for-2020-costs-and-expenses-rise-by-19-percent.html https://www.republicworld.com/technology-news/social-media-n...