this post was submitted on 01 Jul 2023
2085 points (95.9% liked)
Technology
59708 readers
1864 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not really. It might have had a profitable quarter or a profitable year now and again, but overall it was a highly unprofitable company almost every year it was public. That was before the current moment where ad rates have collapsed on every platform which is why many other companies which depend on advertising have been suffering at the same time.
Besides Twitter, a lot of ad reliant businesses are in big trouble this year.
Sounds like you're making assumptions. And I'm telling you that it was profitable before purchase. It doesn't matter where it would be today or where they were before being profitable because both of those things aren't relevant.