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submitted 1 year ago* (last edited 1 year ago) by FilmFanatic@lemmy.film to c/fediverse@lemmy.ml
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[-] 420blazeit69@hexbear.net 5 points 1 year ago

Twitter doesn't generate profits:

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.

If anyone wants to nitpick over the 2/10 years when they reported profitability, consider the real value of getting in the black twice in company history in an environment where you're gearing up for a an IPO. The long-term trend is clearly that this is not a viable business model.

this post was submitted on 21 Sep 2023
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