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by Turing_Machine 1063 days ago
> Twitter was doing fine.

It was losing $4 million per day.
2 comments
jeltz 1063 days ago
That is not at all what looking at their financials say. Twitter was a very profitable company which over hired like crazy in 2021. This could have been solved without gong crazy like Musk did. Just do responsible layoffs.

https://www.macrotrends.net/stocks/delisted/TWTR/twitter/ebi...

https://www.macrotrends.net/stocks/delisted/TWTR/twitter/num...

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nickthegreek 1063 days ago
There are no articles to confirm that it was losing $4m a day prior to the acquisition. This is a number that Elon put out (post acquisition) to justify layoffs.
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Turing_Machine 1063 days ago
There are no articles to confirm that it wasn't, either.

As for justifying layoffs, Twitter (or X, or whatever it is) seems to be working just fine, despite the dire predictions that the whole thing was going to die within days.

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nickthegreek 1062 days ago
No article to confirm that the made up thing isnt real? Your point is ridiculous.
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Turing_Machine 1062 days ago
Ummm... Twitter is still working, despite the dire predictions.

No matter what the actual number was, it's clear that Twitter was wasting one hell of a lot of money.

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