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His purchase of Twitter was explicitly to take it private. He would look like a pretty humongous moron to just take it public again. And I seriously doubt Wall
by tootie 3y ago
His purchase of Twitter was explicitly to take it private. He would look like a pretty humongous moron to just take it public again. And I seriously doubt Wall St would ever mindless lap up a super app with no users. It makes no sense. It's a ten-year old, mature company that was already public-traded. He can't just take it private, make it a whole new company, rebuild the user base from scratch then expect it to be worth more than he paid. He should have just bootstrapped a new company from zero if that was the intent.
- spaceman_2020 3y agoWall Street will pump random shitty companies when they add the current buzzword to their press release [0]. Of course they’ll lap up whatever trash their favorite pied piper decides to take public. As for looking like a fool, I think we can all agree that Musk is past that. 0: https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-cap-adds-blockchain-to-name-and-stock-soars.html https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...
- tootie 3y agohttps://www.sec.gov/news/press-release/2021-121 https://www.sec.gov/news/press-release/2021-121