3 ms·
Barely profitable in 2 years but bleeding money for the rest of its existence including the last 3 years…
by philliphaydon 4y ago
Barely profitable in 2 years but bleeding money for the rest of its existence including the last 3 years…
- pavlov 4y agoTwitter's 2021 wasn't really that bad. They increased revenue about 37% year-over-year to $5 billion, at a loss of $220M. In the pumped-up investment environment of 2021, that kind of relatively small loss was an acceptable trade-off for such high growth. The revenue collapse of 2022 is clearly almost entirely due to the new ownership who did their best to destroy advertiser trust, first by spending six months disparaging the company, then by indiscriminately firing moderation and ad sales teams.
- zimpenfish 4y ago> at a loss of $220M. Due to an $800M lawsuit settlement - without that, they'd have been on $580M profit. Which isn't terrible on $5B revenue.