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Nothing will ever be as popular as Twitter, which is why it was valued at $44 billion dollars when it was bought. Bitten once, twice shy. Edit for response s

Nothing will ever be as popular as Twitter, which is why it was valued at $44 billion dollars when it was bought. Bitten once, twice shy. Edit for response since I'm rate limited: Twitter didn't make a profit - it would have been overpriced at just $10 billion dollars. The value comes from having a captive userbase where the majority is entirely unwilling to use an alternative. Depending on how hard you intend to manipulate those users, the ROI may or may not be worth it.

amrrs 2y ago
wasn't it considered to be over priced which was why Elon tried to backout?
- dotcoma 2y ago
  Yup. But now he gets to be first buddy.
acdha 2y ago
It was never valued at $44B by sober people: read any of the coverage at the time and you’ll see puzzled reactions to Musk over-paying so much for what was always far behind Facebook, Instagram, TikTok, Weibo, etc. It depends on exactly how you class social networks but Twitter usually isn’t even considered in the top ten globally. Given how he tried to back out of the deal, he must have recognized this as well but only after signing a binding agreement.
tmottabr 2y ago
Twitter is not even in the top 10 of popular social media.. so many already are more popular then Twitter.. Facebook, Instagram, YouTube, TikTok are all more popular then twitter.. Hell, i bet even Orkut was more popular then twitter back in the day.. I don't think Twitter was ever the number 1 social media in popularity.. Also, Twitter was never valued at $44bi by anyone other then Elon, and even he saw the terrible deal he made and tried to back out of it.. And value has only dropped after.. And they are bleeding both money and users.. So the user base is clearly willing to use something else.. It will surprise me if twitter is still a thing by this time next year.. it might still be around but i think it will be small and irrelevant..

amrrs 2y ago

wasn't it considered to be over priced which was why Elon tried to backout?

dotcoma 2y ago
Yup. But now he gets to be first buddy.

acdha 2y ago

It was never valued at $44B by sober people: read any of the coverage at the time and you’ll see puzzled reactions to Musk over-paying so much for what was always far behind Facebook, Instagram, TikTok, Weibo, etc. It depends on exactly how you class social networks but Twitter usually isn’t even considered in the top ten globally. Given how he tried to back out of the deal, he must have recognized this as well but only after signing a binding agreement.

tmottabr 2y ago

Twitter is not even in the top 10 of popular social media.. so many already are more popular then Twitter.. Facebook, Instagram, YouTube, TikTok are all more popular then twitter.. Hell, i bet even Orkut was more popular then twitter back in the day.. I don't think Twitter was ever the number 1 social media in popularity.. Also, Twitter was never valued at $44bi by anyone other then Elon, and even he saw the terrible deal he made and tried to back out of it.. And value has only dropped after.. And they are bleeding both money and users.. So the user base is clearly willing to use something else.. It will surprise me if twitter is still a thing by this time next year.. it might still be around but i think it will be small and irrelevant..