this post was submitted on 03 Dec 2023
350 points (85.4% liked)
Technology
59424 readers
3747 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There’s still plenty of value for someone in the activity data, user list, and archive of text. Nothing close to what it was bought for, though.
There may be other revenue streams but not enough to cover costs.
Sure, I just mean that the business still has valuable assets and could be sold for… something.
I guess you're technically correct but I think the assertion is based on a misconception, as though xitter could be gutted and sold for it's constituent parts.
Like imagine someone bought a house for $1m, and then lived there for a year and their dog shat on the living room carpet every day. You wouldn't say "oh well it still has some value because you could sell the copper wiring for something."
Yes you could sell the copper wiring, but it's worth far more where it is - you just need to change the carpet and then the property would return to something approaching it's former glory.
Oh, I agree that he's fucked the business, wrecked the valuation, and it has much more value as an ongoing business. One weird thing about Twitter (and many other internet companies) is how they have been valued for years super highly, way out of proportion to the profits they make - presumably based on future profits. I doubt if anyone is going to assume they'll make profits in the future, though with actual competent and non-insane management, they could. Musk already shredded a big portion of their assets in terms of talent and organizational knowledge. Still, I think they could sell the dataset, user list and so forth, but it might be at fire sale rates compared to $44 billion. Maybe like 2. And agreed, more likely someone would buy it and try to turn it around, but he's also kind of screwed the whole thing by calling it "X". I guess a new owner could go back to calling it twitter.