Re:Elon Musk to join Twitter’s board of directors
by spanktheuser on Tuesday April 05, 2022 @10:50PM
(#30927945)
> The stock has gone nowhere since its IPO and Twitter has never paid a dividend.
This is a terribly short-sighted and impoverished definition of stagnation. If Elon shakes things up and Twitter generates 2x the profit and 2x the social destruction as Facebook would you call them a vibrant and successful concern?
The stock has gone nowhere since its IPO and Twitter has never paid a dividend. It has revenue of $5bn but cannot seem to turn a meaningful profit and is not growing.
So far it has been a massive failure for shareholders, who are the stakeholders that the board and management are actually there to serve.