Ask HN: Twitter will go private, what is the motive?

Posted by WhereIsTheTruth on Tuesday March 28, 2023 @03:23PM
from the ask-hn dept.

On one hand we have the press that suggests that TikTok should do an IPO to avoid a ban..

But on the other hand we have Elon Musk who wishes to take private both Tesla and Twitter.

What are the benefits of having a public/private company when it comes to social media? Or a tech company in general.. ELI5

https://markets.businessinsider.com/news/stocks/tiktok-ban-us-without-ipo-mega-cap-tech-acquisition-wedbush-2023-3

( 3 comments | on HN )

Re:Ask HN: Twitter will go private, what is the motive? by crop_rotation on Tuesday March 28, 2023 @03:37PM (#35346642)

Twitter is already a private company post the Musk buyout. The benefit is that you can avoid releasing public quarterly and yearly reports detailing your business and also avoid Wall Street expectations.

[ Parent | on HN ]

Re:Ask HN: Twitter will go private, what is the motive? by coxomb on Tuesday March 28, 2023 @03:50PM (#35346836)

It's still 'live by the market, die by the market', IPO'd or not.

[ Parent | on HN ]

Re:Ask HN: Twitter will go private, what is the motive? by Zigurd on Tuesday March 28, 2023 @04:46PM (#35347578)

LY5: Twitter is not publicly traded anymore. In Twitters case, the benefits appear to be dubious, but that might not be causally connected to whether you can buy and sell shares in a secondary market. Tesla is too expensive to take private. After it is valued like a car company and not a "by next year" robotaxi company, it might be plausible.

[ Parent | on HN ]