Twitter Has Only Lost........2 BILLION Dollars Since Launching

Time - The company still isn’t profitable 10 years on. When Twitter went public back in 2013, it was an unprofitable company. More than two years later, that hasn’t changed. In fact, the company revealed in its annual 10-K filed Feb. 29 that it has lost more than $2 billion in total since launching a decade ago. Twitter had already accrued more than $400 million in losses before going public, but that figure exploded upward after its IPO, largely due to stock-based compensation awarded to employees. The company lost $520 million in 2015 alone.

 

Is that good? Is a 2 billion dollar loss in 10 years good? I’m going to go way out on a ledge here and say it’s not good. It’s quite unbelievable that a company that so many people use every day, a company that every sport, movie, TV show, everythingggg has in your face 24/7 has lost that much money and doesn’t look anywhere close to turning it around.

What a great year they’ve had over at Twitter. 9 CEOs, every top executive quit, even duped my into investing when it got so low I figured they would have to turn it around. Even forced Portnoy to sell his company and start hiring internet commenters just to pay the bills. I guess as the old saying goes though, nowhere to go but up. Maybe Jack will turn it around? No, he won’t. They’ll lose another 500 million this year. Fucking Twitter.