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A comment on Twitter has officially changed its logo to ‘X’. Parent comment

Re:Twitter has officially changed its logo to ‘X’ by marcinzm on Monday July 24, 2023 @08:20AM (#36846750)
>financially struggling prior to Elon

It wasn't. It's been profitable every quarter except 2 since late 2017.

Musk chose to load Twitter with massive debt when he bought it which is why it's now financially struggling after the buy out. That's not due to Twitter, that's due to Musk.

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Re:Twitter has officially changed its logo to ‘X’ by pclmulqdq on Monday July 24, 2023 @11:53AM (#36849961)
A lot of public companies are managed in such a way that an LBO is basically financially infeasible. They do this intentionally.

Musk's LBO of Twitter should not be expected to be going well.

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Re:Twitter has officially changed its logo to ‘X’ by JSavageOne on Monday July 24, 2023 @02:20PM (#36852193)
Are you sure about that? Twitter's net loss in 2020 and 2021 were $1.1b and $221m.
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Re:Twitter has officially changed its logo to ‘X’ by fomine3 on Monday July 24, 2023 @09:20PM (#36856599)
And you don't quote net profit on 2018 and 2019
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Re:Twitter has officially changed its logo to ‘X’ by marcinzm on Tuesday July 25, 2023 @05:48AM (#36860047)
In 2020 Twitter had one negative quarter because they performed a $1+b tax write off and the pandemic just started. In other words it's purely a paper loss. And in 2021 I believe they got fined by some government for something.
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