You don't think he tanked the company? Twitter used to be profitable. Now, it ne... | Hacker News

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		lesuorac 15 hours ago \| parent \| context \| favorite \| on: I'll be stepping back from leading product for X You don't think he tanked the company? Twitter used to be profitable. Now, it needed to be folded into xAI to survive. Then that combined mass needed to be folded into SpaceX to survive. Then that combined mass needed to IPO to survive. Sure, Elon can stay irrational longer than you can stay solvent. Doesn't make it not a tank.
		help

umeshunni 14 hours ago [–]

> Twitter used to be profitable.

Twitter posted a profit in only two of its eight full fiscal years (turning profitable in 2018 and 2019)

In its last year (2021), Twitter reported a net loss of $221 million on $5.1 billion in revenue.

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