New wave of Mastodon users thanks to Elon Musk floating around the idea of charging everyone for Twitter - eviltoast
  • 420blazeit69 [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    5
    ·
    1 year ago

    Twitter doesn’t generate profits:

    Twitter has been operating at a massive loss for years, failing to book an annual profit since 2019 (Mauer, 2022). For eight out of the last ten years, the company has posted a loss.

    If anyone wants to nitpick over the 2/10 years when they reported profitability, consider the real value of getting in the black twice in company history in an environment where you’re gearing up for a an IPO. The long-term trend is clearly that this is not a viable business model.