Monday, March 12, 2012

Is Twitter financially sound?

Twitter is getting a good press lately with Bloomberg Businessweek declaring the company has turned its financial world around. Gawker, however, offers a different story -- one of a company that is losing far more money than it makes, and doesn't seem close to turning it around.

Why do we care? If a company doesn't make make money, it merges with one who does or goes out of business. Twitter's huge user base indicates that we like it. So, presumably, we don't want it to go away. It'll be worth watching for those who look at Twitter as a means of publishing news.

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