The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31275
Likes: 52980


Depends on how you define 'fine'. Twitter is not going to "go broke"


any more than Disney is going to go broke. But it seems twitter is a LONG way from the $44 billion that musk paid for company, and I don't see it getting north of that valuation any time soon, if ever.

Normally when someone takes a company private it's because they believe it is undervalued by the market and/or some major, long term changes are needed that are better done without the constraints of meeting quarterly targets, and that they can ultimately realize a higher value for the company than what they paid for it.

If you define "fine" as a good investment for Musk, well, to paraphrase Marsellus Wallis: "it's pretty fucking far from fine"

Fortunately for Musk, he can afford to light billions of dollars on fire and still be one of the world's richest men. It's a good problem to have.



[Post edited by BocaHoo91 at 11/28/2023 4:24PM]

(In response to this post by Lupos)

Posted: 11/28/2023 at 4:20PM



+4

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Current Thread:
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  Go woke OR go broke.** -- HowieT3 11/28/2023 3:22PM

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