They've had literally two profitable quarters in their whole corporate history. They went from being considered an equal competitor to Facebook to... not, as Facebook was able to bring in advertising revenue and Twitter wasn't.

Every money-losing tech company claims that they could turn the spigot to profitability at any time and the reason they're not profitable is short term capital expenditures; the proof is in the pudding.

> Every money-losing tech company claims that they could turn the spigot to profitability at any time

A bit of an exaggeration but there is some truth here, tech companies are notorious for feeding all their revenue back into growth. However in Twitter’s case it was absolutely true. It had a solid perch and wasn’t going anywhere… until Elon took over and became Trump 2.0 except “this time, he owns the site!”

Twitter feed the money to their employees. Was a bad deal for shareholders