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by smoldesu 1307 days ago
Twitter was losing a billion dollars per year when Jack left as CEO. He may have not run Twitter into the ground, but neither has Musk so I'd argue it's a moot point.

I'm not trying to compare Jack Dorsey to Larry Elison, but my point is that Elon exists somewhere between these two on the axis of "deliberate ruthlessness" and "bumbling incompetence". For Twitter to be profitable, it has to be run like a business instead of a parody of the tech industry.
2 comments
zimpenfish 1307 days ago
> Twitter was losing a billion dollars per year when Jack left as CEO.

He left in 2021 when they lost $220M (not a loss of a billion dollars) because of an $800M settlement which means they -technically- made a profit of $580M (very much not a loss of a billion dollars.)

If you're thinking of 2020, that does seem to have been a $1.1bn net loss but that's somewhat balanced by 2019 which was a $1.4bn net income (according to [1])

[1] https://www.republicworld.com/technology-news/social-media-n...

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zimpenfish 1307 days ago
> He may have not run Twitter into the ground, but neither has Musk

Musk has added a $1bn/year debt servicing obligation - the company will have to make $1bn/year profit just to reach net $0. I don't think there's any scenario available where this isn't "running it into the ground".

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