So far it doesn’t look like he’s getting away with it. Ad revenue is down 60% compared to last year, it doesn’t look like there is enough revenue from subscriptions to make up for that, and they’re being evicted from one of their offices.
That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they’re being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It’s still not great, but Twitter isn’t really losing anything of value.
So far it doesn’t look like he’s getting away with it. Ad revenue is down 60% compared to last year, it doesn’t look like there is enough revenue from subscriptions to make up for that, and they’re being evicted from one of their offices.
An office they never even used
That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they’re being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It’s still not great, but Twitter isn’t really losing anything of value.
Whether or not they actually used the office, they still owed rent, did they not?
No, but the users still keep using it and the bigger advertisers are coming back. It’ll get sold off but love on. Too many people unwilling to let go.