4 ms·

Also consistent with his stated goal of making the business profitable.

by olalonde 4y ago

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secos 4y ago
That remains to be seen... I would not be surprised if he could have offered the api $420/mo and 100x more apps were willing and/or able to pay.
duxup 4y ago
I’m not sure saddling twitter with more debt does that.
- olalonde 4y ago
  How does cutting out a free API tier saddle Twitter with more debt?
  - deleted 4y ago
    [deleted]
  - duxup 4y ago
    The purchase did.
    - olalonde 4y ago
      Yes he probably doesn't care about making Twitter profitable in the abstract, but as a self-interested businessman who now owns it.
dragonwriter 4y ago
> Also consistent with his stated goal of making the business profitable. It was profitable. He caused it to hurtle toward bankruptcy.
- olalonde 4y ago
  Did he? My understanding was that it was not profitable and that he's been cutting costs and exploring new sources of income (Twitter Blue, API fee, etc.). I don't know if he'll be successful but his actions seem consistent with him caring about Twitter as a business. In fact, he seems to have sacrificed his public image considerably towards that goal (not consistent with him mostly caring about his "megaphone").
  - czzr 4y ago
    Your understanding is wrong, I’m afraid. Twitter was profitable before the acquisition. (If you look this up don’t be misled by the once-off loss caused by losing a legal case).
    - olalonde 4y ago
      Do you have a source on that? I've read several articles claiming that Twitter was only ever profitable in 2018-2019. e.g. https://sites.lsa.umich.edu/mje/2022/12/21/twitter-and-its-fight-for-profitability/ https://sites.lsa.umich.edu/mje/2022/12/21/twitter-and-its-f...: > Twitter has been operating at a massive loss for years, failing to book an annual profit since 2019 (Mauer, 2022). For eight out of the last ten years, the company has posted a loss.
      - shagmin 4y ago
        It was profitable those 2 years, then they lost a big lawsuit which caused a pretty big loss in 2020. But overall since its IPO 2013 and 2020 were the only years where its cashflow actually got worse - overall it was trending towards a more sustainable cashflow. By silicon valley/US corporation standards that's far from a dumpster fire or anything. https://www.netcials.com/financial-net-profit-year-quarter-usa/1418091-TWITTER-INC/ https://www.netcials.com/financial-net-profit-year-quarter-u...

Also consistent with his stated goal of making the business profitable.

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secos 4y ago

That remains to be seen... I would not be surprised if he could have offered the api $420/mo and 100x more apps were willing and/or able to pay.

duxup 4y ago

I’m not sure saddling twitter with more debt does that.

olalonde 4y ago
How does cutting out a free API tier saddle Twitter with more debt?
- deleted 4y ago
  [deleted]
- duxup 4y ago
  The purchase did.
  - olalonde 4y ago
    Yes he probably doesn't care about making Twitter profitable in the abstract, but as a self-interested businessman who now owns it.

dragonwriter 4y ago

> Also consistent with his stated goal of making the business profitable. It was profitable. He caused it to hurtle toward bankruptcy.

olalonde 4y ago
Did he? My understanding was that it was not profitable and that he's been cutting costs and exploring new sources of income (Twitter Blue, API fee, etc.). I don't know if he'll be successful but his actions seem consistent with him caring about Twitter as a business. In fact, he seems to have sacrificed his public image considerably towards that goal (not consistent with him mostly caring about his "megaphone").
- czzr 4y ago
  Your understanding is wrong, I’m afraid. Twitter was profitable before the acquisition. (If you look this up don’t be misled by the once-off loss caused by losing a legal case).
  - olalonde 4y ago
    Do you have a source on that? I've read several articles claiming that Twitter was only ever profitable in 2018-2019. e.g. https://sites.lsa.umich.edu/mje/2022/12/21/twitter-and-its-fight-for-profitability/ https://sites.lsa.umich.edu/mje/2022/12/21/twitter-and-its-f...: > Twitter has been operating at a massive loss for years, failing to book an annual profit since 2019 (Mauer, 2022). For eight out of the last ten years, the company has posted a loss.
    - shagmin 4y ago
      It was profitable those 2 years, then they lost a big lawsuit which caused a pretty big loss in 2020. But overall since its IPO 2013 and 2020 were the only years where its cashflow actually got worse - overall it was trending towards a more sustainable cashflow. By silicon valley/US corporation standards that's far from a dumpster fire or anything. https://www.netcials.com/financial-net-profit-year-quarter-usa/1418091-TWITTER-INC/ https://www.netcials.com/financial-net-profit-year-quarter-u...