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I don't get how it is significant. Almost all tech stocks are down by roughly that much ~50%. Silly.

• infotogivenm 4y ago
  Most tech stocks are not down 56% in the last month. Most large funds, when presented with a high buyout offer in the midst of a down market, would not roll over their investment in a LBO saddling the company with yearly interest payments nearing 25% of its revenue. etc
  • deepzn 4y ago
    First of all, the amount in question is 20 million dollars down to 10 million? That is really insignificant, and this feels meaningless in the context of discussing Twitter's performance. It's not a large sum to write down. They also agreed to the Twitter deal in March/April. If a fund manager bought Twitter 1 month ago, or looks like the write down was from the price it was 2 months ago, then they needed to get their head checked, no one would touch Twitter at $44 Billion in October.