Excluding a settlement from 2014 that was paid this year, Twitter would have made 500mil on 5B revenue in 2021. They were also GAAP profitable in 2019.
Additionally, the incentive from wall street is to spend all your money to grow users. Whether that is right or wrong it’s the path they chose which led to users and revenue roughly doubling over 5 years.
Additionally, the incentive from wall street is to spend all your money to grow users. Whether that is right or wrong it’s the path they chose which led to users and revenue roughly doubling over 5 years.
https://s22.q4cdn.com/826641620/files/doc_financials/2021/ar...
https://s22.q4cdn.com/826641620/files/doc_financials/2019/Fi...