Twitter market cap is $40B.
Reddit's was $10B in their most recent funding round.
It's "big"
And even bigger if you look at user base/reach
Reddit's was $10B in their most recent funding round.
It's "big"
And even bigger if you look at user base/reach
That might be what Elon paid for it but, if all the recent news articles are to be believed, it's now worth less than 1/4 that.
No, its not; not being traded on the open market, it doesn’t have a real market cap. It may have once had a $40B market cap, but that doesn’t mean it does (or would if it were on the market) now.
In December it went down to $8.5m, valued at around $20m at the time of the acquisition:
https://www.reuters.com/technology/fidelity-marks-down-value...
And more recently it's dropped to about $6.6m:
https://www.detroitnews.com/story/tech/2023/05/31/twitter-wo...
Implying a valuation of $15b (6.6/20 * 44).