The entire value of Twitter, just like a Newspaper, TV show, sport team, or brand of underwear - is all based on the size of the market it commands. Not the marketshare, the size of the market. You may have 98% of the grilled Liver hamburger patty market locked up tight, but I suspect your sales are not very high.
Twitter falsified the number of active accounts, and used these bogus accounts to set it's value. Musk is many things, and being a good businessman is probably one of his biggest skillsets. Why would he buy something when he knows the price set is fraudulent?
Nope, looks like the price of Twitter just imploded.
The entire value of Twitter, just like a Newspaper, TV show, sport team, or brand of underwear - is all based on the size of the market it commands. Not the marketshare, the size of the market. You may have 98% of the grilled Liver hamburger patty market locked up tight, but I suspect your sales are not very high.
Twitter falsified the number of active accounts, and used these bogus accounts to set it's value. Musk is many things, and being a good businessman is probably one of his biggest skillsets. Why would he buy something when he knows the price set is fraudulent?
Nope, looks like the price of Twitter just imploded.