Twitter has lost more than $2 billion since launching in 2006

Twitter keeps losing a staggering amount of money.

 

The microblogging company has lost more than $2 billion in total since it launched a decade ago, according to its annual 10-K filed Feb. 29.

In 2015 alone, Twitter lost $520 million. The company had also accrued more than $400 million in loses prior to its IPO. When it went public that figure exploded due to stock-based compensation.

Currently, the social platform has more than 300 million active users, but Twitter blames that stagnant number for the lack of profit. The number of Twitter's user base is actually declining.

CEO Jack Dorsey has helped introduce new features to the service to attract more users over the past few months. Some of those features include longer Direct Messages, a committee against harassment and Twitter Moments.

The shareholder document actually admits under it's "risks" section that new users might be confused by the product.

"Despite our efforts to reduce barriers to consumption, people who are not out users may not understand the value of our products and services and new users may initially find our product confusing," reads the document.