News for hackers. Stuff that matters.

A comment on Reddit's CEO says that he was inspired by Musk's “violent changes” at Twitter. Parent comment

Re:Reddit's CEO says that he was inspired by Musk's “violent... by znpy on Saturday June 17, 2023 @03:48AM (#36368193)
Twitter was headed straight to bankruptcy though… what would the valuation be, of a bankrupt company?
[ Parent | on HN ]
Re:Reddit's CEO says that he was inspired by Musk's “violent... by spikels on Saturday June 17, 2023 @07:58PM (#36375994)
So is Reddit
[ Parent | on HN ]
Re:Reddit's CEO says that he was inspired by Musk's “violent... by Timon3 on Sunday June 18, 2023 @06:20AM (#36378876)
Why do people keep repeating this? Twitter was not heading "straight to bankruptcy". They became profitable in 2018. Due to lawsuits they lost a good amount of money in 2020, but things got better towards 2021 again. They were far from bankruptcy, only since Musk settled them with additional debts are they heading towards it full speed.

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

[ Parent | on HN ]