4 ms·
> it's more like Musk realizes he bought a company that was in a lot more trouble than anyone out in the public can understand Or he bought a company and by do
by bink 4y ago
> it's more like Musk realizes he bought a company that was in a lot more trouble than anyone out in the public can understand
Or he bought a company and by doing so placed it in a lot more trouble than it was previously.
- ben7799 4y agoThis seems to be the popular view, everyone has been irrationally cheering for Twitter for 10+ years now but it ignores twitter's long term financial results as we head into an economic contraction. That's the whole thing.. Musk made his stupid public decision to buy Twitter before the economic winds shifted. By the time it closed things had changed. He harmed Twitter by the way the whole thing dragged out, but Twitter was damaged goods anyway and has become more damaged by the economic winds in addition to Musk. Twitter was betting the farm that investors would continue to ignore the bottom line and money would continue to be easy and valuations would continue to be decoupled from results.