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Could X go bankrupt under Elon Musk? (www.bbc.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 18 points 2 years ago (1 child)

Was it ever profitable? I always thought twitter was always in the red and the only time it made money was when it sued Elon to buy it due to his arrogance and coz it minupilated the stock prices on twitter.

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  • [–] 10 points 2 years ago* (1 child)

    Twitter made some profit in 2018 and 2019: https://www.businessofapps.com/data/twitter-statistics/

    They claim to be on track to make another profit year in 2024. Remains to be seen. In a way, now that Elon owns it alone, it's not as vulnerable to quarterly economics that public companies are. But of course it cannot bleed money forever.

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