this post was submitted on 23 Jul 2023
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[โ€“] UnverifiedAPK@lemmy.ml 2 points 1 year ago* (last edited 1 year ago) (1 children)

Twitter was doing fine financially before Musk bought it.

No it wasn't ๐Ÿ˜‚

He just lit a sinking ship on fire, yes it's worse but it was bad before too.

[โ€“] root@socialmedia.fail 4 points 1 year ago* (last edited 1 year ago) (1 children)

Lmao, I mean, it indisputably was. Objective facts exist. It was a publicly traded company so there is plenty of professional financial analysis available on the subject which you could easily access if you wanted to. Some of it even written at a level you could potentially understand.

Or just continue on wallowing in your own ignorance, whatever.

[โ€“] min_fapper@iusearchlinux.fyi 6 points 1 year ago (2 children)

Could you please link one such financial analysis? Preferably one that's easy to absorb for the layman?

I'm not op but am very interested to know more ๐Ÿ™‚

[โ€“] root@socialmedia.fail 4 points 1 year ago

Here's a pretty cool site that I think illustrates the original point that they were in decent financial shape

https://www.readyratios.com/sec/TWTR_twitter-inc

It's profitability varied from quarter to quarter, but the last few quarters of 2021 and 2022 or negative. Before that, they did have some very successful quarters in 2018 and 2019.

https://www.statista.com/statistics/299119/twitter-net-income-quarterly/