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Twitter’s Trouble Turning a Profit. Twitter went public in November 2013 and enjoyed a strong share price of $45 due to investor interest. The platform is a favorite medium for celebrities and ...
Twitter, Inc. was an American social media company based in San ... Twitter made profit in only two of the eight years. [175] Year Revenue in mil. US$ Net income in ...
Lauren Hirsch of The New York Times observed that Musk would face financial challenges in owning Twitter, including the company's difficulty in turning a profit. [362] Richard Waters of the Financial Times echoed Hirsch's sentiments, adding that it would difficult for Musk to allow the right amount of free speech on the platform. [ 363 ]
Musk hinted at Twitter’s financial troubles saying, “I acquired the world’s largest non-profit for $44 billion.” (Twitter had, in fact, reported a profit in 2018 and 2019, prior to Musk ...
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]
Tesla CEO Elon Musk is taking a 9.2% stake in Twitter. Musk purchased about 73.5 million shares, according to a regulatory filing Monday.
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 ...
Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [1] The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [2]