3 ms·
Doesn’t sound like a $44 billion company. For some reason headcount seems to matter in valuation. Ironically as Musk cut the headcount he probably cut the val
by andrewstuart 4y ago
Doesn’t sound like a $44 billion company.
For some reason headcount seems to matter in valuation.
Ironically as Musk cut the headcount he probably cut the valuation.
The purchase of Twitter may go down as one if the biggest value destruction events in history.
- fredgrott 4y agoThat was already known by the way the money came in to support Elon's bid. As really at that point Twitter was only worth $1billion not $44 billion.
- Hamuko 4y agoIt didn't sound like a $44 billion company when Elon made the offer.
- hef19898 4y agoWell, and it wasn't. Which even Elon realized soon enough after believing it long enough to sign a binding acquisition agreement.
- baby-yoda 4y agoWhatsApp had 55 employees and was acquired for $22 billion (IIRC). Seems like 550 engineers could be plenty productive if in the right scenario (emphasis on if).
- vkou 4y agoIt was acquired by Facebook, for whom they were an existential threat.
- weitzj 4y agoI think I read some where that this was quite cheap. Just approx $8 to get a social profile of a user on your platform
- acdha 4y agoWhatsApp is a very different product: it’s built around one to one communication so you don’t get all of the fan out problems of having to distribute messages everyone’s followers, or the search / advertising / timeline filtering. Consider that there are single people who can post something which will be watched within seconds by millions of people, except those who have blocked that person or filtered that topic and ask how hard that looks behind the scenes.
- varjag 4y agoView it as a merger with Elon Inc. Decimations after M&A are typical.