Neither of us really know Twitter's financial position, given it's now private.
The rumours I'm hearing are that EBITDA is now above pre-acquistion. The fact that debt is trading hands without a haircut suggests that's probably accurate.
There was a lot of waste at Twitter. Given that headcount was cut by 80%, and advertisers are returning, I'd suggest it's doing fine.
Literally every valuation shows its worth <10b, at best a 25% of its paid for value what, two years ago? a little more?
After reading through your posts its like you live in an alternate reality where Musk's integrity is bulletproof, his decisions are awesome, and he's basically doing it for the rest of us.
I don't know how you can sustain this with everyone throwing reality in your face that he's a short sighted rich kid who lies through his teeth and throws money around until he gets what he wants.
It was, but advertisers are now returning which has driven it's earnings back up while it's operational costs remain significantly below pre-acquisition.
Advertisers are returning because Elon Musk is the long arm of the president and literally threatening tech companies with reprisal. On Twitter. It's open corruption! They're not even bothering to hide it.
paywalled article so this link isn't really worth much. And given your credibility I don't trust your analysis. Especially when you also seem to be ignoring any reasonable responses and focusing on arguing instead.
It's wild — people that look at employment of the citizens of this country as just data to feed into some kind of profit/waste equation that needs to maximize profit, discard any hint of waste.
It's not waste when those employed have paychecks to spend in the economy. What would Corporate think if half the population of the U.S. were unemployed and/or homeless?
I guess that's fine as long as profits have been maximized.
Right? I am astounded by these takes. If every corp and every job was this way, our country would be a high-stress, unemployed wasteland. Any org will drop thousands in a heartbeat. Your family would never be safe.
We work so hard already. We already have such high stress. I do not believe we need to eke out the last %s of profit to pass to shareholders and create crushing stress and work on those remaining.
> Neither of us really know Twitter's financial position, given it's now private.
Then why are you making any argument that it was a success?
> There was a lot of waste at Twitter. Given that headcount was cut by 80%, and advertisers are returning, I'd suggest it's doing fine.
Why would you suggest it's fine? Without knowing their exact costs, debts, revenues, etc. you know _nothing_. Why would you suggest it's doing fine when knowing nothing about it's financial position?
According to reports, revenue is down, but that's more due to advertisers objecting to Musk content moderation decisions (plus politics no doubt).