Reddit's CEO says that he was inspired by Musk's “violent changes” at Twitter

Re:Reddit's CEO says that he was inspired by Musk's “violent... by newtronic on Friday June 16, 2023 @05:55PM (#36364458)

Musk also erased half the market value of Twitter. Is that what Reddit wants to do, cut the valuation in half?

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Re:Reddit's CEO says that he was inspired by Musk's “violent... by 082349872349872 on Friday June 16, 2023 @06:11PM (#36364619)

It is entirely possible that Reddit's CEO compensation is structured so that any chance at valuation doubling, no matter how unlikely, is worth far more to him than his opportunity cost upon valuation halving, no matter how likely.

(in general, if outside investors look for properly aligned incentives, the mathematics of diversification suggests they will arrange for individual portfolio companies to each be run far more riskily than they want their portfolio in aggregate to perform)

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Re:Reddit's CEO says that he was inspired by Musk's “violent... by znpy on Saturday June 17, 2023 @03:48AM (#36368193)

Twitter was headed straight to bankruptcy though… what would the valuation be, of a bankrupt company?

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Re:Reddit's CEO says that he was inspired by Musk's “violent... by spikels on Saturday June 17, 2023 @07:58PM (#36375994)

So is Reddit

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Re:Reddit's CEO says that he was inspired by Musk's “violent... by Timon3 on Sunday June 18, 2023 @06:20AM (#36378876)

Why do people keep repeating this? Twitter was not heading "straight to bankruptcy". They became profitable in 2018. Due to lawsuits they lost a good amount of money in 2020, but things got better towards 2021 again. They were far from bankruptcy, only since Musk settled them with additional debts are they heading towards it full speed.

https://www.statista.com/statistics/274563/annual-net-income...

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