3 ms·
Cutting expenses doesn't really put in perspective. Head count was cut by over 80%. Everything was switched to austerity mode. These are not minimum wage worke
by pc_edwin 3y ago
Cutting expenses doesn't really put in perspective. Head count was cut by over 80%. Everything was switched to austerity mode.
These are not minimum wage workers, these are thousands of people who on average got payed more than the president.
Beyond that, we also have twitter blue. I'm guessing they have crossed one million by now. Thats bordering $100m ARR.
Then there is the advertising revenue, Twitter made $5 billion in revenue with a total loss of 220m. Even if advertising was cut by half, thats still $2.5B in income.
Honestly I'm surprised they are not profitable now, let alone next year.