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twitter lost copious amounts of money even with unprecedented revenue (from institutional ads one would assume, as it had never happened to that degree before o
by muyuu 4y ago
twitter lost copious amounts of money even with unprecedented revenue (from institutional ads one would assume, as it had never happened to that degree before or since, and private ads were cheap in 2021)
https://i.imgur.com/Gea8HRr.png https://i.imgur.com/Gea8HRr.png
clearly Twitter was way, way too fat when it managed to lose US$1B with record revenue
which I'm not saying it means you should just close down core branches of the service, of course
perhaps Musk wasn't ready for the amounts of money Twitter required to be made profitable under a reasonable timeline
- oxfordmale 4y agoThe problem for Musk was that he had to borrow a lot, and interest payments are now significant for Twitter. Twitter could have easily be turned into a profitable business by cutting 15%, rather than 50% of staff.