in

YES! LOVE YUGE!

Twitter Saw a MASSIVE Drop In Income In 2020 After Their War Against Trump

Share this story:
  • 358
    Shares

Twitter’s war against President Trump in 2020 proved to be disastrous to their business.

The company 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] of -$1.44,” a company statement reads, in part. “This compares to 2019 net income of $1.47 billion, representing a net margin of 42 percent and diluted EPS of $1.87.”

Twitter reported a 19% increase in costs and expenses, with total revenue of $3.72 billion. The company also had tax-related adjustments.

Twitter banned President Trump just before the end of his term, leading to a mass mass exodus of users from the platform along with a sharp rebuke from world leaders.

  • 358
    Shares

Leave a Reply

Loading…