this post was submitted on 23 Jul 2023
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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.
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.