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by MuffinFlavored 515 days ago
> Since the purchase, Twitter has lost 85% to 90% of its revenues.

Source? Is this true?
2 comments
smallerize 515 days ago
84% as of August, according to documents obtained by the NYT. https://finance.yahoo.com/news/twitters-revenue-collapses-84...
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churchill 515 days ago
Yeah, thanks for this. The WSJ piece was reporting -84%, but if you measure against Twitter's last full year/publicly reported revenues before going private, it's closer to -90%.
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toomuchtodo 515 days ago
Not great when you have to pay $1B in interest per year.
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bloopernova 515 days ago
Not sure about those figures, but WSJ ran a story recently about a musk email saying x was barely breaking even:

https://archive.ph/cCOlA

https://www.wsj.com/finance/banking/wall-street-banks-prepar...

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