THE MOST IMPORTANT NEWS - TWITTER IS LOSING BILLIONS OF DOLLARS

Twitter Is Losing BILLIONS Of Dollars

BY MICHAEL ON FEBRUARY 10, 2017

Twitter, which has been laying off people and subletting large sections of its office space in San Francisco to other companies, reported today that neither the election campaign – despite the closely followed tweet storms of presidential contenders Donald Trump, Bernie Sanders, and to a lesser extent Hilary Clinton and other candidates – nor the even more closely followed tweets of President Elect Trump produced visible results on its fourth-quarter revenues and earnings.

Twitter now has reported net losses – as accounted for under the required Generally Accepted Accounting Principles (GAAP) – every year of its existence. Pretty soon it adds up: Over the past four years, those losses amounted to $2.2 billion.

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