Twitter's destruction of shareholder value
Given the takeover bid by Elon Musk, has there ever been a company that has destroyed as much shareholder value as Twitter? (excl. bankruptcies)
Comparing it to the other tech giants it has completely lagged behind and has yet to find a true revenue model despite having so many users and such great brand recognition.
It allows its personal political biases to overcome rational business decisions
The cherry on top is the closing of Vine which was TikTok before TikTok, whose growth has given its parent company ByteDance a valuation of 350 billion dollars! 10x what Twitter is valued at now.
I don't understand how the shareholders have any faith in the board and current management anymore, they should 100% sell
Hey Patrick Basedman, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:
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Twitter has a lot of power
100%
And PM me about that bridge
So you’re saying it has no place in public markets? Why would anyone invest in it?
Yep. Twitter is the ultimate tail (poor uneducated crazies with ample free time on their hand looking for clout of any kind) wagging the dog (rest of society. Mostly mouth breathers who get news from Yahoo headlines as well as PR and Marketing teams for F500 companies). This can be used to make consensus appear much different than it truly is, or even move consensus itself.
Until it's realized that Twitter isn't reflective of society, and I dont know if that day will ever come, they will continue to hold outsized power. 10-15 losers start tweeting that something is offensive, 24 year old min wage journalists working for Vox, Vice, etc looking for clickbait content can write "people are furious over X", get's picked up by more mainstream news (but never quantified), radio DJs, etc. anyone else looking for a story, and then your soccer mom crowd hear it and unquestionably accept it, after all they just want to fit in. PR teams are petrified so they cave in as well.
Weaponized idiocracy
Nothing to add other than I want to smack you on your face based off your profile pic.
*smack you on your face* = never been in a real fight in your life
at least you acknowledged that you are smack-able
I was convinced that Elon's takoever was evil when I read that the Washington Amazon Post was against it. How dare a billionaire take overt a media outlet
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