Cutting expenses is one part of the equation. The other is debt servicing.
There's $13 billion in loans used to buy Twitter, that now sit on Twitter's balance sheet. There's a minimum of $1.2 billion in annual interest payments on those loans.
Cutting expenses is one part of the equation. The other is debt servicing.
There's $13 billion in loans used to buy Twitter, that now sit on Twitter's balance sheet. There's a minimum of $1.2 billion in annual interest payments on those loans.
These are not minimum wage workers, these are thousands of people who on average got payed more than the president.
Beyond that, we also have twitter blue. I'm guessing they have crossed one million by now. Thats bordering $100m ARR.
Then there is the advertising revenue, Twitter made $5 billion in revenue with a total loss of 220m. Even if advertising was cut by half, thats still $2.5B in income.
Honestly I'm surprised they are not profitable now, let alone next year.
That's a big number, but in an of itself doesn't really say anything conclusively without knowing the rest of their expenses as well as revenue.
Since X is now a private company, does the public have access to that other info other than making guesses based on past years' financial filings?