Will There Be Another Twitter Profit Rumor This Year?

'Tis the season for rumors of Twitter's profitability ... will the guessing begin anew?

Last year, right before Christmas, BusinessWeek got the story: Twitter is profitable. Using some basic math, the publication concluded that Twitter was in the black – using total revenues from the Microsoft and Google “fire hose” licensing deals and subtracting the company’s $20 million in annual expenses. Of course, regular math and accounting math aren’t the same, so what looked like black really turned out to be more red.