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by evanelias
1295 days ago
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Seems less cut and dry to me: * 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! |
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