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>half of me wonders how much Parag could raise to build a new Twitter from scratch That would probably amount in $0. Twitter wasn't profitable and part of it w
by DeathArrow 4y ago
>half of me wonders how much Parag could raise to build a new Twitter from scratch
That would probably amount in $0. Twitter wasn't profitable and part of it was its CEO. Why would investors be willing to lose money, especially in the current economic situation?
I would rather wait for Elon to stabilize Twitter and go public again.
- shapefrog 4y ago> Why would investors be willing to lose money, especially in the current economic situation A whole bunch of genius investors just bought a company worth $11 billion for $44 billion...
- IshKebab 4y agoTwitter wasn't too far off profitability. I looked at the numbers and you could definitely get it to profitability by reducing staff numbers and relocating to much cheaper places (literally anywhere except SV). I think their loss was around $200m/year and staff costs around $300m/year. Something like that. SV salaries are easily double or triple European salaries.
- Ar-Curunir 4y agoYet Elon bought Twitter for $44B, with $11B funded by a variety of external partners.