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For the fiscal year 2021, the last fiscal before Twitter was taken private, the company reported a loss of 221 million, with an annual revenue of $5.1 billion. Since its IPO, Twitter made profit in only two of the eight years.
Twitter, officially known as X since 2023, is a social networking service.It is one of the world's largest social media platforms and one of the most-visited websites. [4] [5] Users can share short text messages, images, and videos in short posts commonly known as "tweets" (officially "posts") and like other users' content. [6]
On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
November 20, 2023 at 2:00 AM Once Elon Musk bought Twitter, the social network he acquired in October 2022 for $44 billion, he rolled out a major reorganization, often relying on executives from ...
Twitter (NYSE: TWTR) appears to be making a slow turnaround this year. It recently reported its quarterly performance that outpaced market expectation Twitter Delivers A Second Consecutive ...
According to Statista, regional banks are the most profitable financial business, realizing 30.31 percent in profits as of January 2023. Money centers have nearly 27 percent profit margins, and ...
The "Trending 140" chart "is an up to the minute ranking of songs shared in the U.S., measured by acceleration over the past hour. This chart can be filtered to present a real-time view of the most shared track in the U.S. over the past 24 hours, with a weekly summary presented as the Billboard Twitter Top Tracks chart on Billboard.com and in print in Billboard". [2]
Whether those deals really make Twitter profitable is open to debate. But even if it were to be in the black this year, do the deals make Twitter worth $1 billion?