• whereisk@lemmy.world
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    1 year ago

    “That’s according to a Monday report from The Wall Street Journal. Given Musk purchased Twitter for $44 billion late last year, the markdown would put the company’s current valuation at about $23 billion, based on Ark’s estimate.”

    $23b is what it was actually valued before Musk crazily overpaid for it and took over.

    Now, that estimate comes from an investor that financed part of that purchase (so they’re already suspect for paying double the odds back then) that still thinks there’s a great future ahead for Twitter under Musk - so it’s wildly optimistic.

    The real value you could find someone paying for it would be more likely in the mid single digits.

    • InverseParallax@lemmy.world
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      1 year ago

      It’s worth about $6b, this is not a good time for a social media company built around ad revenue that’s hemorrhaging customers and also happens to be saddled to the brim with short-term debt.

      This whole comment should be bankrupt.

      • jscummy@sh.itjust.works
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        1 year ago

        Is there ever a good time for that type of company? Hemorrhaging customers and being saddled to the brim with debt seem like pretty big problems at any time

      • T156@lemmy.world
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        1 year ago

        ad revenue that’s hemorrhaging customers

        It’s also haemorrhaging ad revenue, since Musk recently stated that ad volumes were down 50% or so.

        • Saneless@lemmy.world
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          1 year ago

          Twitter ad buys were junk when it was considered a good site. I can’t imagine how poorly it’s doing since the users are largely bluetlicker shitstains