News for hackers. Stuff that matters.

A comment on Twitter alerted employees all office buildings closed and badge access suspended. Parent comment

Re:Twitter alerted employees all office buildings closed and... by IfOnlyYouKnew on Friday November 18, 2022 @01:40AM (#33651161)
There are answers to all your questions and they come down to; Twitter was making a profit.

Maybe it could have been more. But a profitable business is, almost by definition, sustainable. There was no need for rash action.

[ Parent | on HN ]
Re:Twitter alerted employees all office buildings closed and... by philliphaydon on Friday November 18, 2022 @01:48AM (#33651218)
Twitter has only had 2 years of positive net income. 2018/2019. So I can’t agree with “Twitter was making a profit” it was bleeding.
[ Parent | on HN ]
Re:Twitter alerted employees all office buildings closed and... by ilyt on Friday November 18, 2022 @06:25AM (#33653144)
"was". For two years[1], pre pandemic. It's net negative over last 10 years and over last 3-4 years.

Worse, revenue[2] increased but costs increased faster

By all metrics it was burning money faster than it could increase revenue

[1] https://www.statista.com/statistics/274563/annual-net-income...

[2] https://www.businessofapps.com/data/twitter-statistics/

[ Parent | on HN ]