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Rich people buy assets that allow them to influence the world or simply have it as a trophy. See Bezos and WaPo, John Henry and Boston Globe, Carlos Slim and th
by seibelj 10y ago
Rich people buy assets that allow them to influence the world or simply have it as a trophy. See Bezos and WaPo, John Henry and Boston Globe, Carlos Slim and the NYT.
I totally see someone famous buying Twitter just to own it, or another company like Disney who just wants it to break-even. It has cultural and influential value now separate from profit.
- SwellJoe 10y agoGiven how many of the valley's biggest thought leaders use Twitter very heavily, I'd be surprised if there weren't a lot of potential buyers. Then again, its value is high enough to shake out a lot of the smaller players, since the buy-in is pretty astronomically huge. If the valley is an echo chamber (it is), then Twitter echoes louder than most things I can think of. Very few companies have the kind of reach and influence within the valley that Twitter has.