It is - Twitter lost ~$2 billion over 10 years (http://time.com/4241716/twitter-losses-twtr/). $1.5 billion in a quarter is nuts.

It certainly allows recycling jokes from 2000. "They may be losing money on every sale, but they'll make it up on volume."

Did pre-2012 Facebook and Twitter ever 1.5B in a single quarter, running a website?