5 ms·
It's still worth a lot because most people are still on it, so another change of ownership could make it like it was before, i.e. appealing enough to advertiser
by sidibe 3y ago
It's still worth a lot because most people are still on it, so another change of ownership could make it like it was before, i.e. appealing enough to advertisers to be about breakeven. I don't know how long that will continue to be the case if bluesky or something else gets some momentum and actually pulls people off.
- downWidOutaFite 3y agoThat's not possible since Elon's leveraged buyout saddled the company with $13billion in debt. The only way out of that hole would be via bankruptcy.
- Zigurd 3y agoI doubt the debt could be renegotiated without the creditors effectively taking control and requiring management changes. To put it another way, bankruptcy would wipe out out equity holders and their control over management.