@snowyfox@deadinsi.de Twitter’s operating costs for last year were $5.57 billion, despite only $5.2 billion in revenue. On top of the current net loss, the loans used to purchase the platform add a further billion in yearly interest payments on top of current operating costs. At minimum, Twitter has a $1.4 billion dollar hole in their budget that needs filling. With a recession coming, we should expect the platform’s revenue to decrease rather than increase. The short of it is, Twitter is not in a good place financially.doesnt seem like they made money last year
https://escapingtech.com/tech/opinions/twitters-invisible-cage.html
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Puniko ? (puniko@mk.absturztau.be)'s status on Monday, 31-Oct-2022 16:40:57 JSTPuniko ?