3 ms·
> That's a $221 million loss in 2021 That was down to a one-off $800M lawsuit settlement. They technically made $580M profit in 2021.
by zimpenfish 3y ago
> That's a $221 million loss in 2021
That was down to a one-off $800M lawsuit settlement. They technically made $580M profit in 2021.
- xcv123 3y ago"Technically" that is a $221M loss in 2021. In 2020 they lost $1.1 billion. 2018 and 2019 were the only profitable years in the 10 years prior to 2022 [0]. From 2018 to 2021 they nearly doubled the number of employees from 3920 to 7500 [1]. Jack Dorsey regretted it and apologized for over-hiring [2]. [0] https://www.statista.com/statistics/274563/annual-net-income-of-twitter/ https://www.statista.com/statistics/274563/annual-net-income... [1] https://www.statista.com/statistics/272140/employees-of-twitter/ https://www.statista.com/statistics/272140/employees-of-twit... [2] https://www.theguardian.com/technology/2022/nov/05/twitter-elon-musk-jack-dorsey-apology https://www.theguardian.com/technology/2022/nov/05/twitter-e...