this post was submitted on 10 Jun 2023
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Such a weird concept to think of when it comes to something like Twitter.
I don't think twitters value was ever reflected in a share price. It's value was always to move and away opinions, which is far more difficult to put a value on. I know there is plenty of whining happening on Twitter, but as far as I can tell, there hasn't been a truly mass exodus. As long as users are using the platform it's value remains unchanged.
The saudis didn't buy it because they think Elon is reapply smart. they bought it because in some way they think it gives them the ability to leverage or move public opinion. As long as we give it out eyes, it stays valuable.
Even if there isn’t a user exodus, the value can change if advertisers value the platform less and spend less on it.
While twitter is trying to make subscriptions a thing, the main revenue source is advertising so the value reflects the advertising potential.