[entropy_]

This is factually untrue though. Twitter was making money in 2018 and 2019 (to the tune of ~1.2B/year in net profit out of ~3B revenue, which is a fairly high profit margin) they lost quite a bit of money in 2020 and less in the years thereafter. However, even in the years where they had negative net income EBITDA remained positive suggesting the losses were upfront investments that would be expected to be amortized over the coming years.

The only reason Twitter is in deep financial shit right now is because Elon acquired it in a leveraged buyout and the cost of servicing the debt is estimated around 1B/year.

[matwood]

Yeah, most of the complaints of Twitter was that it should be doing more in the space it commanded, not that it was losing tons of money every year. Though, 1-1.5B in yearly interest payments is going to make that tough going forward.

[kranke155]

I stand corrected. My impression was they always lost money.