It was losing money, but not much. They could have made some minor changes to make it profitable. However ~8000 people were making good salaries working for them, and tens of thousands of people and businesses benefited from the platform. Now it’s much smaller, less useful, and still not profitable.
It was barely profitable but had some one time write offs that pushed it down. It should have returned to barely profitable. But a barely profitable company can become ok profitable with small changes.
Twitter’s success wasn’t monetary. The success came in allowing ordinary people their soapbox at a global town square.
Look at what happened to the price of insulin with a single tweet made back when all the blue checks were in complete free-for-all. A single tweet, made by a random person, thoroughly changed the shape of that one industry. Twitter gave “power” to the people, and those like Musk weren’t comfortable with that.
i was no fan of twitter, but it was on a path to achieve some financial stability. It had plenty of value as a mechanism to distribute emergency (or other) information quickly. was and had being the operative words here.
For the record, It wasn’t failing until Musk came in.
It also wasn’t really successful before he came in either. It rarely was profitable and usually operated at a loss.
I mean Musk has seemingly made every bad move imaginable, I can only imagine the ideas he’s been talked out of.
It was losing money, but not much. They could have made some minor changes to make it profitable. However ~8000 people were making good salaries working for them, and tens of thousands of people and businesses benefited from the platform. Now it’s much smaller, less useful, and still not profitable.
It was barely profitable but had some one time write offs that pushed it down. It should have returned to barely profitable. But a barely profitable company can become ok profitable with small changes.
Twitter’s success wasn’t monetary. The success came in allowing ordinary people their soapbox at a global town square.
Look at what happened to the price of insulin with a single tweet made back when all the blue checks were in complete free-for-all. A single tweet, made by a random person, thoroughly changed the shape of that one industry. Twitter gave “power” to the people, and those like Musk weren’t comfortable with that.
i was no fan of twitter, but it was on a path to achieve some financial stability. It had plenty of value as a mechanism to distribute emergency (or other) information quickly. was and had being the operative words here.
It isn’t failing, Musk is failing.