To collect total revenue of $28.5 million in 2010, for example, the company had to spend and write off more than three times that, leading to a net loss of $67.8 million, according to new financial data on the company provided by our source.
And 2011 hardly got off to a more promising start: Twitter posted a net loss of $25.8 million on revenue of $23.8 million through April 30, according to the same source. In that same period, Facebook took in 26 times as much revenue, converting nearly a third of it into profit — and that was only through the end of March. Ryan Tate
That looks bad for Twitter. And it’s not like they can strike a deal with the most profitable tech company in history to keep themselves afloat.