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submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml
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[-] atomWood@lemm.ee 6 points 1 year ago

Twitter has never really been a financially viable company. They were losing money year after year. That’s not what I would call financially stable. There’s a reason they did everything they could to force Musk to buy it when he tried to back out.

[-] root@socialmedia.fail 21 points 1 year ago* (last edited 1 year ago)

Yeah there is a reason, the reason is because his dumbass offered more than twice what the company was worth.

Lots of tech companies operate at slightly under profitability. They were doing fine.

this post was submitted on 23 Jul 2023
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