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With all the attention Twitter receives, it’s “startling” how little money it makes, he said. Musk said Twitter is profitable based on Ebitda, or earnings befor
by frenchman_in_ny 4y ago
With all the attention Twitter receives, it’s “startling” how little money it makes, he said. Musk said Twitter is profitable based on Ebitda, or earnings before interest, taxes, depreciation and amortization, but emphasizes the “D” is quite big and they need to focus on the “E” part.
Only in Elon-land...
- A_D_E_P_T 4y agoThe "D"? That might be misdirection, as the "I" is said to be quite huge. (They took out a $13B loan, and Bloomberg estimated their interest at $1B/year. That's a massive chunk of their revenue.)
- codingdave 4y agoIf you dig into EBITDA in general, you'll find that is one of its biggest criticisms - that it is often used as distraction to make profits sound better than they really are.
- frenchman_in_ny 4y agoI wasn't reading "the D is quite big" as Musk actually talking about "Depreciation". I was reading it as another kind of "D".