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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]
2023 March 31 Product Twitter's algorithm is made open source [216] 2023 April 3-6 Product Twitter briefly replaces its logo with a Doge logo for 3 days. [217] 2023 April 10 Company operation Twitter, Inc. is merged with X Corp. [218] 2023 April 20 Product Discontinuation of legacy verified checkmarks [215] 2023 May 12 Company operation
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 ...
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 ...
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?
Interactive maps, databases and real-time graphics from The Huffington Post
Jack Patrick Dorsey (born November 19, 1976) [3] is an American businessperson, who is a co-founder and former CEO of Twitter, Inc. from 2015 until 2021, as well as co-founder, principal executive officer and chairman of Block, Inc. (developer of the Square financial services platform).