Re:Jack Dorsey Needs to Step Down
by this_user on Friday December 06, 2019 @03:03PM
(#21725435)
Problem is that nobody wants them. Two or three years ago there was regular talk about Twitter selling the company, but every potential buyer (e.g. Google) said no in the end. Twitter is just not a very good business, but it does attract a lot of scrutiny due to its size and impact. It has pretty much all the risks of Facebook with none of the cash flow.
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Twitter wasn't profitable two years ago. Eight straight quarters of positive net income can do wonders for attracting a buyer.
Re:Jack Dorsey Needs to Step Down
by JumpCrisscross on Friday December 06, 2019 @03:23PM
(#21725619)
> none of the cash flow
Twitter's operations threw off about a billion in cash for the first nine months of 2019 and 2018 [1].
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1418091/0001...