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re: The biggest example of FU money in history - Twitter
Posted on 11/18/22 at 7:37 am to Deactived
Posted on 11/18/22 at 7:37 am to Deactived
quote:
No. Twitters value was hyperinflated by lying about its traffic and users. It was all bullshite
The only value difference is perceived value and that is mostly based on what the people betting against Elon are saying. We won't know its true value as long as it is a private company with no public earnings reports. It's pretty silly to think that it is worth significantly less now simply because he took over and a few people are pouting about it. He has said several times that traffic is at an ATH and in turn, ad revenue is increasing. That is on top of the subscription service and all of the fat he has trimmed so far. IMO if people were honest, its value has probably increased all things considered.
Now if you want to argue he overpaid for it, I can see the validity of that argument.
This post was edited on 11/18/22 at 7:38 am
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