BREAKING: Twitter's Financials Leaked, And They're Losing Money
Twitter’s financials have just been leaked, and they don’t look great. Gawker’s Ryan Tate got his hands on figures from Twitter’s 2010-2011 financials, which show a company hemorrhaging money.
Twitter has been pushing its money-making ideas lately – like offering access to historical tweets for a price and displaying Promoted Products on their smartphone apps – and it’s no surprise: the company needs to start turning a profit, and fast.
Gawker’s numbers come from a “source with close knowledge of Twitter’s financials, [who] leaked us revenue, profit, and other figures from the company’s recent past.”
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