I think you don’t know what his plan was. And I also disagree with your implicit definition of value.
Re:Twitter Is Dying
by PhasmaFelis on Wednesday March 29, 2023 @06:49PM
(#35364980)
Like I said, it doesn't matter what his plan was. And I wasn't "implying" anything, I'm explicitly talking about money.
Running a social media site costs. Not even Musk has the liquid capital to keep it afloat as a public service at this loss rate. Either he comes up with a radical new income stream, or he'll have to shut it down or sell it. How virtuous his plans are, how much cultural value Twitter has, these things are irrelevant. A car won't go without gas.
Also, you didn't answer my question.
Re:Twitter Is Dying
by zimpenfish on Wednesday March 29, 2023 @07:01AM
(#35355384)
> A company that loses half its value in five months is not, in most cases, a company on a path to success.
I'd venture that it's probably lost a lot more than half of its brand value as well.
It's not impossible to turn that around. But odds aren't in favor.
You say Twitter skeptics are just saying what they want to be true. What would you think if someone told you that their favorite social media site had lost half its value in five months but they were sure it was gonna turn around soon? Would that seem likely to someone without an emotional investment?