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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.
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 ...
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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 ...
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 ...
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?
Year Report date Earnings (billion) Earnings converted to USD and inflation adjusted (billion) 1 Saudi Aramco: Oil and gas Saudi Arabia: 2018 31 December 2018 SAR 416.52 [3] $134.77 2 Saudi Aramco Oil and gas Saudi Arabia: 2021 31 December 2021 SAR 412.4 [4] $129.47 3: Vodafone: Telecommunications United Kingdom: 2014: 31 March 2014: £59.42 [1 ...
When reports of Twitter's profitability came out, it seemed like a great underdog story. Social media critics have long blasted the microblogging platform for its lack of a revenue model. In ...