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I'd guess he has more profitable and more useful things to spend his money on than Twitter.
by RyanZAG 9y ago
I'd guess he has more profitable and more useful things to spend his money on than Twitter.
- adventured 9y agoDefending that archaic terminal monopoly for one. In all seriousness, as savvy as Bloomberg has been throughout his career, I'd expect him to wait until valuations plunge again, before making any big moves. I also wouldn't expect them to bother with Twitter. He's a signer to the giving pledge. At nearly 76, he's no doubt facing a serious decision about what to do with his company. I'd expect either a public listing, or a sale to a large financial firm (JP Morgan etc).
- mcintyre1994 9y agoSurely regulators wouldn't let Bloomberg be bought by a large financial firm whose competitors all rely on the data?
- whatok 9y agoI wouldn't even worry about regulators in that case. What financial institution is going to rely on a product that your competitor has control over?