6 ms·

Insane that this is how far cost cutting has come.

• belltaco 4y ago
  Isn't losing 4 million dollars a day insane for a 17 year old company?
  • stefan_ 4y ago
    Yes, geez, who would ever load up a company with a debt load like that? This is a "wet streets cause rain" level of understanding.
    • belltaco 4y ago
      They lost $1.14 Billion in 2020, long before Musk bought the company. They lost $270 million dollars in the latest quarter before Musk acquired them. This is 'make up bs to blame someone I don't like in spite of my total ignorance' levels of knowledge and understanding.
      • deleted 4y ago
        [deleted]
      • LoganDark 4y ago
        > They lost $1.14 Billion in 2020, long before Musk bought the company. But 4 million a day is $1.4 billion per year which is still larger than $1.31 billion (adjusted for inflation) > They lost $270 million dollars in the latest quarter before Musk acquired them. But $270 million a quarter is only $1.08 billion per year. So that means they were actually improving before they were acquired... but now they are getting worse again... what changed the slope?
        • belltaco 4y ago
          [dead]
• toomuchtodo 4y ago
  Even if it’s because they’re broke, it’s a good move to drop SMS as an auth factor. https://www.coinbase.com/blog/authentication-matters-coinbase-account-take-over-statistics https://www.coinbase.com/blog/authentication-matters-coinbas... https://images.ctfassets.net/c5bd0wqjc7v0/3Ku5foxu1kUTXa3l5xdu6o/47b283c51bdec6fe9baa3fb69ac7458c/Screenshot_2023-01-19_at_1.31.39_PM.png https://images.ctfassets.net/c5bd0wqjc7v0/3Ku5foxu1kUTXa3l5x... (ato = account takeover)
  • bmitc 4y ago
    Is it? Non-SMS authentication requires a smartphone and not just a cell phone. And they still allow it. They just make you pay for it. So it isn't a decision based on security, even though they chalk it up as such.
    • toomuchtodo 4y ago
      Is anyone using Twitter from a non smart mobile device? And if you’re using a desktop/laptop, you can use TOTP (via password managers or similar apps) or secure authenticators (hardware or passkey), no? What are the odds you’re using Twitter without a smartphone or a desktop/laptop? Twitter deprecated tweet via sms long ago. Anyway! I stand by the assertion. Less users using SMS for 2FA is a good thing, even if a much, much smaller paid cohort still can (~300k Blue subscribers vs ~237M daily active users). I include CISA and NIST factsheet links on the topic in another comment in the thread, so I won’t duplicate them here. https://www.theverge.com/2019/9/4/20849865/twitter-disables-sms-text-message-tweeting-jack-dorsey-ceo-hack https://www.theverge.com/2019/9/4/20849865/twitter-disables-... https://www.theverge.com/2020/4/27/21238131/twitter-sms-notifications-disabled-jack-dorsey-hack https://www.theverge.com/2020/4/27/21238131/twitter-sms-noti...
      • deleted 4y ago
        [deleted]
    • csande17 4y ago
      Are there any cell phones left that can connect to modern cell networks but cannot run a TOTP authentication app? There are even authenticator apps for Java ME!