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> 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 plac
by 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.