Thanks to President Donald Trump, Twitter has basically served as the center of political universe for the past six months.
And yet, the company still can’t make money.
Twitter has never been profitable. It bleeds money and those losses are growing despite the platform being nearly omnipresent in the current moment.
There had been some hope that the renewed interest would help boost Twitter’s business, which is almost entirely based on advertising. Instead, the company’s losses deepened. Its net loss grew to $167.1 million from $90.24 million a year prior, despite Twitter’s team saying their main goal is to be profitable. Read more…