[ekianjo]

> Twitter never actually caught on with the normies.

Does not need to. That's where all journalists look for news. Normies then get their news from journalists. The circle is complete.

[Swizec]

I agree. But a thriving social network that does not make.

[ekianjo]

A social network does not have to dominate the whole world to be useful and profitable.

[zeruch]

That applies to all commerce really, but the SV philosophy is "growth like a cordyceps on meth", so...

[mkl95]

It may be useful, but Twitter has not turned a profit for about four years.

[ekianjo]

I believe Musk is actively trying to change that. Whether he succeeds or not remains to be seen

[mkl95]

I wonder what Musk's plan looks like. ~90% of Twitter's revenue comes from ads, and they are not doing too well since Musk took over. He may have to double down on non Western markets where large companies are still willing to work with him.

[olivermuty]

By adding -1B per year in interest rates? Interesting strategy!

[ethanbond]

Wasn’t it significantly profitable in 2019?