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Building a business around online ads is a race to the bottom as the younger generation does not buy what they're advertised but instead what's advertised by pe
by valianteffort 3y ago
Building a business around online ads is a race to the bottom as the younger generation does not buy what they're advertised but instead what's advertised by people they follow. Ad revenue was never enough for twitter, and people acting like they were doing any better under previous management are uninformed at best.
The userbase will exist (growing or otherwise) so long as the platform does. They don't care whether its profitable or not. If he wants to turn X into another wechat/wepay for US or a Line competitor for Japan, then ad revenue is a low priority.
- Kye 3y ago>> "The userbase will exist (growing or otherwise) so long as the platform does." Won't be long at this rate if he can't find another way to cover that debt service. He even acknowledges this.
- valianteffort 3y agoHe could just buy the company at an even greater discount a second time, with no partners even.
- clipsy 3y ago> an even greater discount a second time An "even greater discount"? He offered something around 30-35% above market value shortly before social media stock prices crashed. There was no discount the first time around, he made an unnecessarily high offer with terrible timing. Even absent his mismanagement, it would have been a long and difficult road to turn Twitter into a company actually worth anything approaching $44bn. As far as "buying a second time," he could potentially buy out his other investors at a discount if they're willing to sell to get away from the dumpster fire, but that doesn't magically free him from the (11 figure) chunk of the price tag he paid himself the first time around.
- deleted 3y ago[deleted]
- valianteffort 3y agoMean to say "the second time" so your pedantic post is not worth more than skimming.