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by andsoitis
1296 days ago
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Twitter also made a net loss in 2020 to the tune of over $1 billion. They only managed to report net income in 2018 and 2019. So looking at the overall picture I still argue that saying Twitter is a profitable business to be very very optimistic and not really true. |
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* Profitable in 2018
* Profitable in 2019
* Would have been profitable in 2021, if not for the shareholder lawsuit
* Profitable in H1 2022, despite having an operating loss, due to making a $655m profit on the sale of MoPub
I'm not saying this is a great business. But some folks are making it sound like Twitter was about to collapse and go broke on its own, which is ridiculous. They still had $2.7B cash + $3.4B short-term investments on hand at the end of Q2!