this post was submitted on 23 Jul 2023
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[–] [email protected] 6 points 1 year ago (1 children)

Twitter has never really been a financially viable company. They were losing money year after year. That’s not what I would call financially stable. There’s a reason they did everything they could to force Musk to buy it when he tried to back out.

[–] [email protected] 21 points 1 year ago* (last edited 1 year ago)

Yeah there is a reason, the reason is because his dumbass offered more than twice what the company was worth.

Lots of tech companies operate at slightly under profitability. They were doing fine.