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Why do so many tech companies, like Reddit and Twitter are making their platforms worse for their users all of a sudden? (lemmy.world)

submitted 1 year ago by cilantrillo@lemmy.world to c/asklemmy@lemmy.ml

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[–] Bardak@lemmy.ca 1 points 1 year ago

People overstate how bad Twitter's financial situation was prior to Elons takeover. They lost 500 million but had 5 billion in revenue. While not great with strategic cost cuts and a little investment in improving the ad platform they probably could have become profitable. Probably not enough to satisfy their investors but profitable.

Elon saddled them with so much debt and has become hostile to advertisers I doubt that they will ever be profitable now.