3 ms·
Wasn't the company a wild success? They sold out at peak bubble pricing. With a slower growing company could they have dumped it off on someone for as much?
by cma 4y ago
Wasn't the company a wild success? They sold out at peak bubble pricing. With a slower growing company could they have dumped it off on someone for as much? The large number of employees even made it more enticing for an acquirer with bad timing who figured he could cut his way to profitability.
- systemicdanna 4y agoThis situation for Twitter is closer to winning a lottery than to being a wild success. The fact that they locked in the offer at that price point and then the market crashed is pure luck (with a ton of work from smart lawyers), but it’s not the result of some brilliant long term strategy.