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a) Twitter/X is not doing okay. They are valued at 1/3rd of what the company was purchased at. And their ill-conceived rebrand has seen them plummet on App Stor
by threeseed 3y ago
a) Twitter/X is not doing okay. They are valued at 1/3rd of what the company was purchased at. And their ill-conceived rebrand has seen them plummet on App Store charts indicating that many people don't know that it even happened.
b) After its initial peak Threads started to lose users largely because of missing features e.g. web app, search, hashtags, chronological sort etc. One by one these are being added and users are slowly coming back. Meta is not going to kill Threads whilst it is providing rich behavioural data into their Instagram/Facebook ad serving.
- arp242 3y ago> They are valued at 1/3rd of what the company was purchased at That's not really a very useful metric, because Musk paid way too much for it in the first place, and even without that it was probably overvalued to start with (IMHO). Besides, in the end a valuation, especially for a private company like Twitter/X, is not really all that useful and just a bunch of people going "well, I'd pay this much for it, I guess..." I don't know if Twitter is doing okay or not, but I do know this is not a good metric.
- threeseed 3y agoValuations are important when your business is unprofitable, core advertising revenue has cratered and new revenue streams eg. subscriptions have been a complete failure. They are what investors will be looking at to decide if Twitter/X heads into bankruptcy or fights to live another day.
- deleted 3y ago[deleted]