misk to Technology@lemmy.worldEnglish · 7 months agoCould X go bankrupt under Elon Musk?www.bbc.comexternal-linkmessage-square155fedilinkarrow-up1434arrow-down171
arrow-up1363arrow-down1external-linkCould X go bankrupt under Elon Musk?www.bbc.commisk to Technology@lemmy.worldEnglish · 7 months agomessage-square155fedilink
minus-squarefosforuslinkfedilinkEnglisharrow-up10·edit-27 months agoTwitter made some profit in 2018 and 2019: https://www.businessofapps.com/data/twitter-statistics/ They claim to be on track to make another profit year in 2024. Remains to be seen. In a way, now that Elon owns it alone, it’s not as vulnerable to quarterly economics that public companies are. But of course it cannot bleed money forever.
minus-squareteuast@lemmy.calinkfedilinkEnglisharrow-up1·edit-27 months ago They claim to be on track to make another profit year in 2024. I’d give better odds to me becoming the king of Thailand in 2024.
Twitter made some profit in 2018 and 2019: https://www.businessofapps.com/data/twitter-statistics/
They claim to be on track to make another profit year in 2024. Remains to be seen. In a way, now that Elon owns it alone, it’s not as vulnerable to quarterly economics that public companies are. But of course it cannot bleed money forever.
I’d give better odds to me becoming the king of Thailand in 2024.