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> What? I don’t get it. So almost 3 years and “growing profile” to reach the same valuation? What was the growth for? In fairness, that was a frothy time for s
by timmg 2y ago
> What? I don’t get it. So almost 3 years and “growing profile” to reach the same valuation? What was the growth for?
In fairness, that was a frothy time for stocks. Twitter stock price was at an unsustainable price (IMHO) when he bought it.
- cma 2y agoCompare market cap of others in their segment: Meta has grown a lot since then, Snap not so much.
- ergocoder 2y agoTo be fair, twitter hasn’t really competed or been comparable to Meta for a while. Not saying that they aren’t competitors, but it is more like they have been out-executed by Meta even before Musk’s acquisition. Way before. To be more fair, any company being compared to FB would mostly look worse.
- cma 2y agoNvidia in same timeframe far outgrew Meta, maybe no other major ones, except maybe netflix recovering from an even earlier drop. A good portion of Meta's gain was just getting back to where they were before the Apple store changes induced drop (that also hit Twitter).