lol, lots of salty Twitter users in these comments
It was a sewer long before Musk took over, that's why the previous owners were so happy to dump it on him, cash out and let him polish that turd
It was a sewer long before Musk took over, that's why the previous owners were so happy to dump it on him, cash out and let him polish that turd
I suppose I need to add that I'm not talking (and don't care) about your position on Muskness, Xness, or anything else. I'm just responding to a pattern of unsubstantive/flamey/snarky comments in your account history. That's not what this site is for, and destroys what it is for.
If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
Not sure that is the right choice of words given how many advertisers and revenue has left the company.
Even Musk himself has acknowledged that the company is now worth a fraction of what he paid for it.
This is objectively true, since every other tech company's stock prices dropped dramatically. Twitter's stock price was pinned because Musk made a commitment.
> more information came to light during the acquisition process which further changed his view of the company's value
This is objectively false, he misread Twitter's quarterly statements and didn't understand what mDAU meant, he wasted months and millions of dollars dragging Twitter through court, only to be forced to follow through on his commitment or get a worse judgment from the court.
Whether it's objectively true or false is irrelevant. What I said was it changed his view of the company's value which resulted in him acknowledging that his estimation of Twitter's worth had dropped.
And while I don't disagree that Musk had a different interpretation of mDAU than Twitter did, I don't sign onto the assertion that how 2022 Twitter's view of the world is anything like objective. These numbers have been considered controversial and suspicious long before Musk's interest in Twitter.[0] Twitter had a history of dodgy numbers.[1] And there was substantial evidence that Twitter was turning a blind eye to bot traffic in their mDAU analyses.[2]
[0] https://venturebeat.com/business/twitter-is-slowly-perfectin... (From 2019)
[1] https://www.theverge.com/2022/4/28/23046170/twitter-miscount...
[2] https://www.theverge.com/2022/8/24/23320461/twitter-mdau-mud...
He backed out because he was foolish enough to think that the legally binding offer was not in fact binding.