[OC] Monetization of Social Media users vary widelySubmitted by jtsg_ t3_z9x4o9 in dataisbeautiful
attaboyyy t1_iykdsv0 wrote
Reply to comment by risenphoenixkai in [OC] Monetization of Social Media users vary widely by jtsg_
You're reading the chart correctly for revenue but misinterpreting that revenue is not net-income. Twitter loses an average of $500M a year after all that revenue+costs which only makes his 44B purchase all the more perplexing. He far overpaid for a historically money losing venture, and sure if he can start to make it profitable, which happened twice in twit-history for an at best $1.5B that year .. that's a long 30yr/break even
risenphoenixkai t1_iyke7df wrote
Ah yeah, fair enough. I forgot about totally unimportant things like overhead, operating costs, wages, taxes, etc. Though from the sounds of things, I’m not the only one who overlooked those…
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