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by zimpenfish
1307 days ago
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> 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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