this post was submitted on 20 Sep 2023
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Before Musk took over, Twitter was profitable. So you know you can make a profit without asking for subscription, and while being honest with ads (they were labeled and vetted properly).
That is not true. Twitter was not profitable and they were never "honest". They engaged in ad tracking and data mining like all Big Tech.
Source: https://www.macrotrends.net/stocks/delisted/TWTR/twitter/gross-profit
And at least they labeled their ads accordingly. People have reported that ads were not labeled in their feed in the last month.
https://www.brex.com/journal/gross-profit-vs-net-profit
Twitter made a small profit in 2018 and 2019. They lost money in every other year.
In fact the year before Musk started ranting about buying it, they reported their biggest loss ever.
The company was a disaster before and after Musk.