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Exactly, so what's the point of Twitter's number or using it for valuation? Now knowing it's surrounded by loose language because the number is so loose, assum
by hunterb123 4y ago
Exactly, so what's the point of Twitter's number or using it for valuation?
Now knowing it's surrounded by loose language because the number is so loose, assume the worst prediction, which is 15-20% from 3rd parties.
- pwinnski 4y agoThere isn't, and it wasn't used for valuation. The number appears nowhere in the purchase document which assigned the valuation; nor does any reference to it. It could be 20%, or 50%, and it wouldn't have any bearing whatsoever on the purchase agreement. Musk agreed that the number of bots not currently being caught was probably higher than 5%, which was a big part of his stated reasons for buying Twitter. Then the market took a turn, and now up is down, Musk is pretending this number matters. It doesn't.