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Someone paid $44 billion for it, that's a clear marker of what it was actually worth — do you think there's some objective universal scale that defines worth?
by danso 3y ago
Someone paid $44 billion for it, that's a clear marker of what it was actually worth — do you think there's some objective universal scale that defines worth?
In any case, Twitter was worth as much as $60 billion in early 2021 [0], so we can still say it's been a service valued in the tens of billions. What is the expected timeframe for a declining service in that market cap bracket to "die"? Which examples do you have in mind? Geocities? Myspace?
[0] https://www.financecharts.com/stocks/TWTR/summary/market-cap https://www.financecharts.com/stocks/TWTR/summary/market-cap
- nickthegreek 3y agoIt is not a clear marker for what its worth. The man didn't even want to buy it at that price and was forced to. The same man recently stated that the service is worth $20b.