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A comment on Twitter board adopts poison pill after Musk’s $43B bid to buy company. Parent comment

Re:Twitter board adopts poison pill after Musk’s $43B bid to... by threeseed on Friday April 15, 2022 @05:35PM (#31046159)
> The balance sheet speaks for itself

a) Revenue increased 37% y/y.

b) User count growing at 2% y/y.

c) Profit of $273m in 2021 when you exclude once-off litigation expense.

https://www.prnewswire.com/news-releases/twitter-announces-f...

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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by woadwarrior01 on Friday April 15, 2022 @05:52PM (#31046341)
> c) Profit of $273m in 2021 when you exclude once-off litigation expense.

The once-off litigation expense might soon be recuring in 2022, after this move. The former was a shareholder class action lawsuit, and the latter will most likely be the same.

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Re:Twitter board adopts poison pill after Musk’s $43B bid to... by threeseed on Friday April 15, 2022 @05:59PM (#31046413)
Twitter is predicting a drop in GAAP loss in 2022 to between $225-$175m.

So even if the lawsuit is recurring (neither of us know) they are still managing to reign in their losses.

By any definition the company is heading in the right direction.

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