A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let’s recap what he did to Twitter, I will go first:
- Changed the original name Twitter to X.
A year after he bought Twitter for $44 billion, Musk thinks the company is now worth $19 billion, a 55 percent drop.
Let’s recap what he did to Twitter, I will go first:
Brand recognition? That’s ironic. The Twitter brand had recognition. But you can’t say X, you have to say “X, formerly Twitter.”
Otherwise you’re right, of course, But I can’t see it being resurrected.
Yes, twitter is the brand. The first action of a sane buyer would be to put the bird logo back. 20 billions of its current value comes from the fact that they still own that name.
It was never actually worth what musk paid, but I get that you’re saying the name was half the value. Looks like musk agrees.