• Bardak@lemmy.ca
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    1 year ago

    People overstate how bad Twitter’s financial situation was prior to Elons takeover. They lost 500 million but had 5 billion in revenue. While not great with strategic cost cuts and a little investment in improving the ad platform they probably could have become profitable. Probably not enough to satisfy their investors but profitable.

    Elon saddled them with so much debt and has become hostile to advertisers I doubt that they will ever be profitable now.