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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 losi
by 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 agoDo 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 agoIt 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...
- pxmpxm 4y agoTWTR has underperformed nasdaq by a factor of 2 since going public. It's been a woefully inefficient organization and there's no amount of political bias that can paper over that.
- rhaway84773 4y agoWhich has very little to do with profit.