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Why nobody else bought twitter before? (sh.itjust.works)

submitted 5 days ago by [email protected] to c/[email protected]

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Microsoft, apple, google, meta, amazon, tencent what was preventing them to buy twitter?

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[–] [email protected] -2 points 4 days ago (1 children)

It had value, but nothing close to 43 BILLION dollars.

43 billions is peanuts compared to the 3 trillions apple and microsoft market cap. Twitter is one of the biggest social network in the world and the one more used by politicians. It has plenty of value even if not making profits, everyone know how it works.

And now you read daily how much money it’s losing.

Last time i hear about him he was talking over the president, as expected from owning one of the biggest social networks in the world he isn't losing much.

[–] [email protected] 3 points 4 days ago

It has plenty of value even if not making profits, everyone know how it works.

That is true and also applies to Youtube,. However, remember that shareholder mentality is "MONY NAO!!!!! FUCK THE FUTURE". CEOs would have to make a very good case for buying a money sink with very little chance of becoming profitable. Elon bought the company as an individual, so he didn't have to answer to a board of directors or shareholders complaining about reduced quarterly profits