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> Now, losses may be piling up - but Twitter was always unprofitable. Burning money at a higher rate - and even finding new ways to lose it (impending fines due
by BulgarianIdiot 4y ago
> Now, losses may be piling up - but Twitter was always unprofitable. Burning money at a higher rate - and even finding new ways to lose it (impending fines due to no moderation seem imminent from the EU) - still doesn't appear fundamentally different.
So you think it's not fundamentally different that Twitter was losing 100-200 million USD a year, and it's now projected to lose 2-3 billion USD a year.
> The workforce cuts have decreased operations expenses by a large amount - although we don't know how much.
About 1.7 billion by calculations I saw.
However Twitter's operating costs are to the tune of 5 billion.
Just the interest rate on Elon's loan (which is now Twitter's loan) is 1 billion a year.