What a lot of people don’t realize....from 2013 to mid-2018...it made no profit. Spring 2018, they announced the first profitable year (based mostly on continued consumer attention). If they purged 10-percent of their US base, and another 20-percent just plain left, the profit side would be marginal.
I hate to say it....but they need Trump-excitement to exist. In a Biden period, with censorship and purges? They’d stall and fail on their primary purpose to exist. Given GAB will survive, and I suspect two or three alternates will pop-up...off-shore....there’s trouble ahead for Twitter profits.
That works out to a $1.2 billion loss with 800 million shares.
I am hoping the stock closes at $45 today.
Their IPO closed at $45.
That would mean no capital gains and no dividends for seven years!
QQQ (Nasdaq 100) was up almost 300% during the same period.