Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by ClumsyPilot on Thursday April 14, 2022 @07:58AM
(#31025687)
Electric cars are a bad plan if you are an oil company, its a great plan for the rest of society
Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by saalweachter on Thursday April 14, 2022 @10:23AM
(#31027436)
Electric cars are a great plan if you're an electric car company, though.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by criddell on Thursday April 14, 2022 @07:58AM
(#31025686)
Why focus on revenue rather than profit?
Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by saalweachter on Thursday April 14, 2022 @10:33AM
(#31027564)
Revenue puts a ceiling on profit. You can't sell at a loss and make it up in volume, but you also can't make more profits than revenue.
Right now there are 360,000 blue check marks on Twitter. If I spot you the first million blue checkmarks and the first 100,000 business profiles, that's only $144M of revenue per year. Even if that is 90% profit, $130M / year profit on a $50B investment is not particularly brag-worthy.
Re:Elon Musk makes $43B unsolicited bid to take Twitter private
by criddell on Thursday April 14, 2022 @10:58AM
(#31027841)
I assume Musk needs Twitter to be profitable, but as somebody trying to sell cars, and satellites and big solar projects and space launches around the world, the platform can help him in other ways too.
How many do you think is realistic? Reducing your revenue by an order of magnitude to reduce your headcount by an order of magnitude seems like a bad plan.