3 ms·
Seems less cut and dry to me: * Profitable in 2018 * Profitable in 2019 * Would have been profitable in 2021, if not for the shareholder lawsuit * Profitabl
by evanelias 4y ago
Seems less cut and dry to me:
* Profitable in 2018
* Profitable in 2019
* Would have been profitable in 2021, if not for the shareholder lawsuit
* Profitable in H1 2022, despite having an operating loss, due to making a $655m profit on the sale of MoPub
I'm not saying this is a great business. But some folks are making it sound like Twitter was about to collapse and go broke on its own, which is ridiculous. They still had $2.7B cash + $3.4B short-term investments on hand at the end of Q2!