Modern MBA

Data

Twitter

The site that made the short public post a format everyone copied, now operating as X and far smaller than Facebook.

8 figures on Twitter, drawn from 2 Modern MBA case studies.

The figures

US dollars8

Against its own chart
Revenue in the years around Twitter's IPO · 2013$664M1st of 4 · top $664MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2012$316M2nd of 4 · top $664MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2011$106M3rd of 4 · top $664MWhy Twitter never made money
Revenue in the years around Twitter's IPO · 2010$28M4th of 4 · top $664MWhy Twitter never made money
Operating expense and result at the IPO · Go-to-market expense−$316M1st of 2 · worst −$997MWhy Twitter never made money
Operating income of the largest data-driven consumer startups, 2016, in millions−$367M6th of 7 · worst −$520MWhy AI is just big data again
Operating expense and result at the IPO · R&D expense−$593M1st of 2 · worst −$1,415MWhy Twitter never made money
Operating expense and result at the IPO · Net income / loss−$645M2nd of 2 · top $1,500MWhy Twitter never made money

Case studies covering Twitter

Case study — TechnologyWhy Twitter never made moneyA Facebook user was worth $8 to advertisers. A Twitter user was worth $2.75. Everything else follows from that.12 min readCase study — TechnologyWhy AI is just big data againBig data was sold for a decade and produced nothing. The same players are running the identical playbook with AI.15 min read