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Comment by lynx23 | Hacker News Reader

Is Twitter really still a thing? Amazing how long it takes for "established" internet services to die.

It’s a service worth $40 billion, with a community of tens of millions of daily users. Even if it’s in a downward spiral, I don’t think anything of its size will just quickly die.

It's a service that one person paid $40+billion for after being forced to follow through on the contract for purchase that he tried to back out of & discovered that he was legally committed to it.

Nobody believes that Twitter is worth $40billion today, not even its current owner.

The banks financed about $12b, which was probably an optimistic valuation on their part, and that was at the absolute peak

Someone paid $44 billion for it, that's a clear marker of what it was actually worth — do you think there's some objective universal scale that defines worth?

In any case, Twitter was worth as much as $60 billion in early 2021 [0], so we can still say it's been a service valued in the tens of billions. What is the expected timeframe for a declining service in that market cap bracket to "die"? Which examples do you have in mind? Geocities? Myspace?

[0] https://www.financecharts.com/stocks/TWTR/summary/market-cap

It is not a clear marker for what its worth. The man didn't even want to buy it at that price and was forced to. The same man recently stated that the service is worth $20b.

https://www.reuters.com/technology/elon-musk-puts-20-bln-val...

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