Twitter suffers the consequences | Eastern NC Now
Twitter reports a loss in 2020
Twitter announced on Wednesday its financial results for the fiscal year 2020, saying it recorded a net loss of $1.136 billion against net income a year earlier.
“2020 net loss was $1.14 billion, representing a net margin of -31 percent and diluted EPS [earnings per share – Ed.] of -$1.44. This compares to 2019 net income of $1.47 billion, representing a net margin of 42 percent and diluted EPS of $1.87.”
Source: Twitter reports $1.14 billion net loss for 2020 – Investment Watch (investmentwatchblog.com)
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It sounds like it is time for a shareholders derivative suit against Twitter management for their actions that have hurt shareholders value. Playing politics has hurt the business. As they say "get 'woke' and go broke". That major Trump supporter who bought shares to try to take over Twitter would be a good lead plaintiff if he has not dumped those shares.
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No wonder the leftist thugs at Amazon are trying to kill Parler. They are trying to save the twits at Twitter. Twitter ought to change its symbol to a Dodo bird. Twitter boss JackBoot Dorsey deserves this financial loss. Conservatives should avoid the likes of Twitter, Google, Amazon, and Facebook.
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As a publisher of news and as a local politician, I still never got caught up into Twitter, and, there is no chance now that I ever will.