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I mean, everyone had similar views about twitter and it's still kicking around just fine.
by Eji1700 3y ago
I mean, everyone had similar views about twitter and it's still kicking around just fine.
- _zn02 3y agoFor some value of "just fine" https://www.businessinsider.com/leaked-twitter-documents-ad-revenue-down-elon-musk-denials-report-2023-6 https://www.businessinsider.com/leaked-twitter-documents-ad-... Not that it's worth much but I recently deleted my Twitter account (and then a few weeks later, also, my Reddit account)
- bmelton 3y agoWorth noting that CPM revenues on Facebook are down about 53% in that same timeframe, so it is possible that "most advertisers have returned" and that "Twitter ad revenues are down 59%" are both true statements.
- Eji1700 3y agoI mean personally I have almost never used twitter and I wish it'd burn to the ground just on the principle that it creates trash content and arguments by design. Still, for all the fire and brimstone predicted (and I was one of them) it's running, and probably capable of running at a loss for quite some time.
- juuular 3y agoNot quite 'just fine', lol
- liotier 3y agoSort of.
- RosanaAnaDana 3y agoIf Elon had kept the company public, any one with two neurons able to fire would have been shorting it and would have cleaned up. With his leadership and decision making, Twitter would have gone to 0 by now.
- slig 3y ago>With his leadership and decision making He has other companies that you can short if you truly believe this.
- skinnymuch 3y agoThis is specifically related to Twitter and Elon. Not just Elon.
- Root_Denied 3y agoOnly one I can think of is Tesla that's public, and it certainly has its own issues. SpaceX is private (and Shotwell seems to be running it just fine), Twitter is private, Musk is no longer involved with Paypal, Boring Co. is private... am I missing anything?
- rootusrootus 3y agoThere have definitely been some people making money on TSLA's decline. They had to wait a while, sure.
- Eji1700 3y agoThe short argument is so silly. Plenty of people were 100% right about what was coming in 08. 99% of them would've gone broke shorting it. Knowing it's fucked it's the same as knowing WHEN it will fall and having the money to hang in there while you get ripped apart as everyone pretends otherwise.
- super256 3y agoLooking at the most recent cases of Doge, Twitter and Tesla a while ago, I'd say that Musk is skilled in accumulating goodwill and capital. Honestly, I think going public again with Twitter could be a smart thing. Not now, but later when more ppl dropped their grudge. Retails would probably be more inclined to buy Twitter stock rather than banks. There are also rumours that Twitter will be cash flow positive by the end of the year.
- Nowado 3y agoLet bluesky open. Digg was doing fine until it was gone within a week.