Re:Elon Musk owns 9.2% of Twitter
by drexlspivey on Monday April 04, 2022 @08:12AM
(#30905721)
Trump’s Truth Social is worth over $10B and it’s basically a mastodon instance
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Which goes to show that none of these social media companies are built on inimitable technology dominance, there is no technology moat, only a network moat.
I suppose losing the network moat through decentralization, bad PR and/or anti-trust would be something to worry about then.
Trump’s Truth Social is worth over $10B
Source? While it was apparently over $20B at the peak of its value, according to https://www.cnbc.com/quotes/DWAC it seems to currently be bellow $2.5B
Re:Elon Musk owns 9.2% of Twitter
by drexlspivey on Monday April 04, 2022 @09:48AM
(#30906594)
That’s just the float of the SPAC, the merger didn’t go through yet. The prospectus says that after the merger there will be 193.4 million shares outstanding so multiply 193m with the stock price to get a pro forma market cap of $11+B
They SPACd before launching a product? Jeez.
Re:Elon Musk owns 9.2% of Twitter
by missedthecue on Monday April 04, 2022 @05:32PM
(#30912194)
that's most SPACs.
Re:Elon Musk owns 9.2% of Twitter
by colinmhayes on Monday April 04, 2022 @10:09AM
(#30906820)
Matt Levine was having a field day
you're using a very generous definition of the word "worth" here.
[citation needed]
Re:Elon Musk owns 9.2% of Twitter
by drexlspivey on Monday April 04, 2022 @09:42AM
(#30906530)