Re:Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue
by paulsutter on Monday June 05, 2023 @12:59PM
(#36199298)
Right, and that would matter if we owned equity, but we don't, so?
Re:Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue
by JumpCrisscross on Monday June 05, 2023 @01:53PM
(#36200198)
> that would matter if we owned equity, but we don't, so?
Equity being worthless means imminent bankruptcy. That means, at a minimum, operational disruptions, challenges over control and possibly the end of Twitter as an independent concern.
Re:Twitter’s U.S. Ad Sales Plunge 59% as Woes Continue
by paulsutter on Monday June 05, 2023 @02:48PM
(#36201144)
That's not how private companies work, and that's not how bankruptcy works either
$88mm per month is ~$1bn per year. That yields a low single-digit enterprise value on a generous revenue multiple, which implies—as do Twitter’s bond prices—that the equity is already worthless. (Twitter Blue is revenue irrelevant [1].)
[1] https://techcrunch.com/2023/03/24/twitter-blue-subscriptions...