Twitter: Still Losing Even More Money
Twitter tossed out a little update to its pre-IPO disclosures, and the soon-to-be-public company is still far, far away from profitable.
We first learned Twitter was in the red almost $70 million for the first half of 2013 alone—now we've got an extra quarter of data, and the loss so far this year expands to about $133 million. So: in the past quarter, Twitter lost almost as much money as in the previous two quarters combined.