Birdwatch Note Rating
2023-03-01 03:36:04 UTC - NOT_HELPFUL
Rated by Participant: 4DF1CDFBEA3F6DE525FEEC58EEAF593D6DE2475010A316ED6876FA4CA230339A
Participant Details
Original Note:
Twitter Inc. has never been, and is not currently, designated 501(c)(3) status. It has always been a for-profit company incorporated in Delaware. https://www.sec.gov/Archives/edgar/data/1418091/000119312513390321/d564001ds1.htm https://www.uschamber.com/co/start/strategy/nonprofit-vs-not-for-profit-vs-for-profit https://www.irs.gov/charities-non-profits/charitable-organizations/exempt-purposes-internal-revenue-code-section-501c3#:~:text=The%20exempt%20purposes%20set%20forth,cruelty%20to%20children%20or%20animals. In 2018 and 2019, Twitter was a profitable business. In 2022, it was projected to be profitable, until the Musk deal. https://www.netcials.com/financial-net-profit-margin-usa/1418091-TWITTER-INC/ https://www.washingtonpost.com/business/2022/07/22/twitter-earnings-elon-musk/
All Note Details