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by dragonwriter
1243 days ago
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> Twitter can’t go forever at a loss. But for nonrecurring expenses, Twitter was profitable before Musk’s buyout both torpedoed ad revenue (when it was announced, before it was even completed) and saddled it with massive expenses to finance the buyout. The acquisition is literally the only reason it is any concern how long Twitter can operate at a loss. |
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My mistake. Last I looked was 2020, when they were down about $1B.