• 420blazeit69 [he/him]@hexbear.net
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    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.