If you're at your max level then you need to have been profitable quite awhile ago. They aren't and have never really been close.

And if they were to go for profit now they'd be worth of a market cap of a couple billion - many times lower than what they are now.

Market cap is more of a measurement of hype around a tech stock rather than its actual value.

Market cap is a measurement of what investors think the company's value will be after taking into account future prospects (as opposed to what its value is today without considering the future). This can occasionally lead to weird situations like companies whose market cap is less than the value of the company's assets.

Yes, and what investors think of future prospects are influenced by hype.

...unless your revenue is fine, but you've hired a couple thousand more people than you should.

And that's fine, right?

> A phrase that sends shudders through stockholders!

Growth is good because it causes the share price to increase.

However, a company with low (or zero) growth and solid profits can still be a good investment if it pays good dividends.

Unfortunately, Twitter does not have growth or profit.