Re:Threads, an Instagram App
by rchaud on Monday July 03, 2023 @10:31PM
(#36581486)
Twitter was making $4bn a year, that they couldn't turn a profit on that doesn't mean it wasn't lucrative.
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And just because it makes $2B/yr vs $4b/yr or whatever doesn't mean it cant sustain as a business indefinitely. The bulk of the critique of Twitter these days is whether Musk can make a profit on $40B as if that's what will determine Twitter's survival long term.
Musk losing billions of dollars in the short term is a private loss for bankers and his own vast ever growing wealth. It's not exactly something that kills a business in the timeline people are hoping for. If anything there's probably a long line of B-tier investors willing to prop it up long enough for the dividends to pay off.
Far shittier companies have survived for much longer on much less.