zlacker

> It wasn’t a thriving business, it was a very old, very large startup still struggling to find market fit and loosing a lot of money.

Twitter was profitable in 2018 and 2019.

replies(1): >>meowki+c1

>>moored+(OP)
After years of losing money, and then not being profitable in 2020+.

I'm not going to spend a lot of time researching this.

This 2019 article says they cut costs/Vine and jumped to video ads which boosted revenue 24% which might explain why they were profitable in 2019.

In 2018 there is mention of a "one-time release of deferred tax asset valuation allowance,” which accounted for $683 million [of income]".

OP's point stands in my opinion. Twitter was/is a flagging centralized service that may not survive if it doesn't pivot.