Hacker News Reader

> They have about $5 billion in annual revenue

> Most years they lose money

Absolutely grotesque.

I haven't dug into the filings, but I wonder how much of that is "actual losses" and how much is "accounting losses to avoid tax".

It's also factually incorrect. The filings are public record.

2021's revenue was ~$5 billion, and if I'm reading things correctly they've posted a profit twice since 2010.

They've posted (admittedly large) losses only 2 quarters since Q4 2017.

https://www.alphaquery.com/stock/TWTR/earnings-history

at least historically they had a DI/DS scheme (like many mega corps) so theres probably 10s of millions that are "expensed" to a foreign subsidiary to avoid tax.

Welcome to InQTel