Things that made you laugh today (Political Version)

[Tgo01]

Wasn't Twitter losing billions of dollars every year before Elon Musk bought it?

[ClydeR]

Wasn't Twitter losing billions of dollars every year before Elon Musk bought it?

Before he bought it? No. Twitter had been profitable in most of the last few years.

Twitter was an established company, not an initial public offering. Most IPOs, such as DJT, have negative earnings. The question is whether or not the IPO has a good plan and good product and good market position to become profitable. Although I admit to not knowing a lot about the business of social media, my common sense tells me that Truth Social is in a tough market and is highly dependent on the daily intentionally provocative postings of one old man. If, for any reason, Trump becomes unable to feed Truth Social on a daily basis, then it's toast.

Some good numbers about IPOs..
https://www.nasdaq.com/articles/what...run-2021-04-15

[Tgo01]

Before he bought it? No. Twitter had been profitable in most of the last few years.

You know there is a difference between revenue and profit right?

Twitter had like 1 year of profit prior to Elon Musk buying it. Twitter lost over 1 billion dollars in 2020 alone.

[Anebriated]

the Silicon Valley/tech business model is not built on profitability, its built on user share. Don't worry though, Im sure the lower valuation will get Trump arrested any day now.

[Parkbandit]

Trump's social media company stock is down almost 40% from it's IPO value of $79.38 a share, sitting at $48.66. Today the company reported a loss of $58 million in annual revenue of only $4 million last year. LOL

https://www.cnbc.com/2024/04/01/trum...ing-shows.html

If you look at the 1 day.. Trump Media is down 21.47

If you look at the 5 day.. Trump Media is down 31.13

If you look at the 30 day.. Trump Media is up 5.99

If you look at the YTD... Trump Media is up 178.85

If you look at the 1 year.. Trump Media is up 219.08

[Parkbandit]

Before he bought it? No. Twitter had been profitable in most of the last few years.

This is incorrect. Here are the numbers:

2012: -79 million
2013: -645 million
2014: -577 million
2015: -521 million
2016: -456 million
2017: -108 million
2018: 1.206 billion
2019: 1.466 billion
2020: -1.136 billion
2021: -221 million

I color coded it for you so you don't get confused again. Green is profit, red is loss.

[Methais]

I don't know. It sure sounded like he planned to riot, with gun in hand, to protest the outcome of the election.

That's because you're an extreme dumbass who can't comprehend words.

You can come out from under your bed now Latrin.

[ClydeR]

You know there is a difference between revenue and profit right?

Twitter had like 1 year of profit prior to Elon Musk buying it. Twitter lost over 1 billion dollars in 2020 alone.

You asked if Twitter lost money "every year" before Musk bought it. The answer is no. In some but not all recent years, Twitter's revenue exceeded its expenses, resulting in positive net income. Twitter is now a private company and, as such, is no longer required to report its income to the public. However, Fidelity still owns an interest in the company, and Fidelity, which has access to Twitter's financial statements, is required the value its interest in the company on Fidelity's financial statements. Fidelity says that the value of Twitter is less than half its value before Musk bought it.

[Tgo01]

You asked if Twitter lost money "every year" before Musk bought it. The answer is no.

lol my bad. They posted profits a whole 2 years out of 10 years they were a publicly traded company, and they only lost billions one year, the rest of the losses were in the hundreds of millions. Add it all up and Twitter lost over one billion dollars while they were a publicly traded company.

Meanwhile you said this:

Before he bought it? No. Twitter had been profitable in most of the last few years.

Which was just 100% a flat out lie, showing you don't know the difference between revenue and profit.

I know your whole schtick is to cherry pick data and take things out of context to make the enemies of Democrats look bad, but come on. Try a little harder than just flat out lying like a sack of shit.

[Parkbandit]

lol my bad. They posted profits a whole 2 years out of 10 years they were a publicly traded company, and they only lost billions one year, the rest of the losses were in the hundreds of millions. Add it all up and Twitter lost over one billion dollars while they were a publicly traded company.

Meanwhile you said this:

Which was just 100% a flat out lie, showing you don't know the difference between revenue and profit.

I know your whole schtick is to cherry pick data and take things out of context to make the enemies of Democrats look bad, but come on. Try a little harder than just flat out lying like a sack of shit.

He did the same with immigration, until the numbers proved he was just plain wrong.

Then he doubled down on it, saying that the government year starts in October.. so I broke it down by month.. which made him look even dumber.

He sunk back into his hole under his bed after that.