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I am not sure if believe the $60 million. The truth might be that banning 360 Telcos saved Twitter $60 million, however, that doesn't mean 100% of these costs a

I am not sure if believe the $60 million. The truth might be that banning 360 Telcos saved Twitter $60 million, however, that doesn't mean 100% of these costs are fraud. Those 360 Telcos are likely in emerging markets that have far more potential to grow than the USA market. If you ban 2FA SMS you will also limit your growth in those markets.

Scoundreller 4y ago
And possibly limit the growth of mobile devices in those markets. They’re probably cross-subsidizing discounted fees with all that western int’l SMS revenue (one can dream anyway).