[krona]

From the 2019 annual report (one of the only years where Twitter posted any net profit):

> We have incurred significant operating losses in the past, and we may not be able to maintain profitability. Since our inception, we have incurred significant operating losses, and, as of December 31, 2018, we had an accumulated deficit of $1.45 billion. Our revenue has grown from $664.9 million in 2013 to $3.04 billion in 2018. While we were profitable on a GAAP basis in 2018, we believe that our future revenue growth and our ability to maintain profitability will depend on, among other factors, our ability to attract new users, increase user engagement and ad engagement, increase our brand awareness, compete effectively, maximize our sales efforts, demonstrate a positive return on investment for advertisers, and successfully develop new products and services. *Accordingly, you should not rely on the revenue growth of any prior quarterly or annual period as an indication of our future performance.*

[pavlov]

This is standard boilerplate that every public company puts in their official statements to pre-empt any shareholder lawsuits in case something goes wrong.

Imagine if a company told its investors: “Our growth is guaranteed! Nothing can affect our revenue and margins.” The only companies that give that kind of promises are ponzis (and to-the-moon cryptocurrency projects, which is not categorically too different).