Hacker News Reader

Comment by Eji1700 | Hacker News Reader

I mean, everyone had similar views about twitter and it's still kicking around just fine.

If Elon had kept the company public, any one with two neurons able to fire would have been shorting it and would have cleaned up. With his leadership and decision making, Twitter would have gone to 0 by now.

>With his leadership and decision making

He has other companies that you can short if you truly believe this.

Only one I can think of is Tesla that's public, and it certainly has its own issues.

SpaceX is private (and Shotwell seems to be running it just fine), Twitter is private, Musk is no longer involved with Paypal, Boring Co. is private... am I missing anything?

There have definitely been some people making money on TSLA's decline. They had to wait a while, sure.

The short argument is so silly. Plenty of people were 100% right about what was coming in 08. 99% of them would've gone broke shorting it. Knowing it's fucked it's the same as knowing WHEN it will fall and having the money to hang in there while you get ripped apart as everyone pretends otherwise.

This is specifically related to Twitter and Elon. Not just Elon.

Looking at the most recent cases of Doge, Twitter and Tesla a while ago, I'd say that Musk is skilled in accumulating goodwill and capital.

Honestly, I think going public again with Twitter could be a smart thing. Not now, but later when more ppl dropped their grudge. Retails would probably be more inclined to buy Twitter stock rather than banks.

There are also rumours that Twitter will be cash flow positive by the end of the year.

> when more ppl dropped their grudge

Do we have reason to believe that's going to happen anytime soon? I was startled to hear an 80 year old elderly woman look at my car and then say "I'll never give that man any of my money." So it's pretty mainstream now.

Elon has always had a tendency to talk out of his ass, but mostly nobody paid attention. Now the whole world watches, but he doesn't stop acting out. He'd have to cut back on the nonsense before memories can start to fade.

They aren’t rumors. They are what Elon Musk says. He’s always saying stuff.

It wouldn't have gone to zero because it still has tons of users and no viable competition.

Looking at how the banks who funded Elon's purchase are valuing their stakes, it looks like it would have gone to about $18.48/share by now. Fidelity is evaluating their shares on a $15B total value, so ($54.20 * ($15B/$44B))

For some value of "just fine"

https://www.businessinsider.com/leaked-twitter-documents-ad-...

Not that it's worth much but I recently deleted my Twitter account (and then a few weeks later, also, my Reddit account)

Worth noting that CPM revenues on Facebook are down about 53% in that same timeframe, so it is possible that "most advertisers have returned" and that "Twitter ad revenues are down 59%" are both true statements.

I mean personally I have almost never used twitter and I wish it'd burn to the ground just on the principle that it creates trash content and arguments by design.

Still, for all the fire and brimstone predicted (and I was one of them) it's running, and probably capable of running at a loss for quite some time.

Not quite 'just fine', lol

Sort of.

Let bluesky open. Digg was doing fine until it was gone within a week.

Reply on news.ycombinator.com