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>financially struggling prior to Elon It wasn't. It's been profitable every quarter except 2 since late 2017. Musk chose to load Twitter with massive debt whe
by marcinzm 3y ago
>financially struggling prior to Elon
It wasn't. It's been profitable every quarter except 2 since late 2017.
Musk chose to load Twitter with massive debt when he bought it which is why it's now financially struggling after the buy out. That's not due to Twitter, that's due to Musk.
- pclmulqdq 3y agoA lot of public companies are managed in such a way that an LBO is basically financially infeasible. They do this intentionally. Musk's LBO of Twitter should not be expected to be going well.
- JSavageOne 3y agoAre you sure about that? Twitter's net loss in 2020 and 2021 were $1.1b and $221m.
- marcinzm 3y agoIn 2020 Twitter had one negative quarter because they performed a $1+b tax write off and the pandemic just started. In other words it's purely a paper loss. And in 2021 I believe they got fined by some government for something.
- fomine3 3y agoAnd you don't quote net profit on 2018 and 2019