LogFAQs > #975150809

s0nicfan posted...

This was common knowledge before the takeover. 2018 and 2019 were the only years in the company's history where it actually turned a profit. If you Google "Twitter profit over time" there's pages of articles detailing it, but if there's some particular source you would like I'm sure I can hunt it down.

To your second point, Elon has absolutely continued to tank their revenue from an advertiser standpoint, but I haven't really seen anyone analyze how much he reduced their operating costs, either. 6,000 employees were fired, and if we assume that they were making 50k a year on average that's $300 million a year saved just from pay, not even counting benefits and things like that. So it's kind of tough to get a clear picture of what their profits are going to look like given that they both lost a lot of advertisers but also a lot of recurring expenses. And all of that assumes that elon's new tactic of nickel and diming people isn't actually paying off.

It was a public company that was taking in investor money due to a perceived value. A lot of tech companies work on that model. That factor is gone for the most part. Elon Musk has now taken all of that on.

If this was still a public company with Musk as the CEO we'd be seeing a very different story as I don't think many people are all that confident about the future outlook.

On top of that this company has been racking up a whole lot of incoming lawsuits so we'll see how that goes.