Weird. I can't read this page with or without JavaScript. Can someone copy and paste the article here so people can read what it says?
I had the same problem.
How Much Longer Can Twitter Last, Really?
51–60 of 65 posts
Re: How Much Longer Can Twitter Last, Really?
#52Earlier quoted context omitted.
> An alternative is that it gets purchased for a few billion dollars by a tech PE firm or Microsoft, which honestly would be a pretty good outcome. But with all the potential outstanding liability? Why not wait until the hammer comes down and the uncertainty is gone to purchase the firm, or whatever assets are useful, unless you really want to beat someone else to the punch?
I know you know this, but I'm going to elaborate for others. Bankruptcy is the best time to buy companies. The loans will be rewritten, so you can buy the company's assets _WITHOUT_ taking on any of its liabilities. The Twitter name, trademark, and other assets (maybe source code, servers, data-centers, etc. etc.) all will be up for sale. You can likely buy the "bits of Twitter" you care most about, and leave the oth…
I actually didn't know this, thanks for the info. Would it have to stop operating if it went bankrupt?
Re: How Much Longer Can Twitter Last, Really?
#53Can someone succinctly and definitively explain why everyone wants Twitter to fail? It's a beat to death news headline at this point.
"I don't like Elon Musk and it frustrates me that he managed to purchase Twitter even though everyone in my bubble told me it wouldn't happen and/or that the process of doing so would bankrupt him, and neither of those things ended up happening" optionally, additionally: "also I liked Twitter better when only celebrities and friends of people who worked at Twitter could be Verified, because I was one of those friends…
Nah the reason I want twitter to die is I hate twitter and I think it has been a blight upon mankind. It is a bad platform for everything expect announcements/being a pseudo RSS feed yet people insist on using it for discourse and it's fucking stupid.
I also don't like Musk but I wanted twitter to die for years before he had anything to do with it. I'm just excited and hopeful that he may eventually kill it
Re: How Much Longer Can Twitter Last, Really?
#54Earlier quoted context omitted.
I know you know this, but I'm going to elaborate for others. Bankruptcy is the best time to buy companies. The loans will be rewritten, so you can buy the company's assets _WITHOUT_ taking on any of its liabilities. The Twitter name, trademark, and other assets (maybe source code, servers, data-centers, etc. etc.) all will be up for sale. You can likely buy the "bits of Twitter" you care most about, and leave the oth…
I actually didn't know this, thanks for the info. Would it have to stop operating if it went bankrupt?
It depends.
Under US bankruptcy laws corporations can file for bankruptcy for the purpose of reorganization of debts (chapter 11) or for liquidation (chapter 7).
Under reorganization the expectation is that you are trying to rehabilitate a failing business that may be profitable again - so the business continues running, and can even borrow money - though your business actions are monitored and ultimately may be approved by the court.
Under liquidation, you auction off everything that isn’t bolted down (and some things that are).
You usually restructure businesses that could emerge from bankruptcy and be profitable again, and liquidate those that can’t. Which one Twitter may be can be debated.
Re: How Much Longer Can Twitter Last, Really?
#55Can someone succinctly and definitively explain why everyone wants Twitter to fail? It's a beat to death news headline at this point.
The world's formerly richest man has successfully flushed 25 Billion -- with a B -- dollars in value down the toilet in a mere six months. That's like real money even for the lifestyles of the rich and shameless set. I think a lot of people are sitting around with a bag of popcorn watching this debacle in hopes that just for once some rich jerk fails so hard, his money and powerful connections can't fix it, can't sav…
where is this valuation coming from?
Re: How Much Longer Can Twitter Last, Really?
#56Earlier quoted context omitted.
The world's formerly richest man has successfully flushed 25 Billion -- with a B -- dollars in value down the toilet in a mere six months. That's like real money even for the lifestyles of the rich and shameless set. I think a lot of people are sitting around with a bag of popcorn watching this debacle in hopes that just for once some rich jerk fails so hard, his money and powerful connections can't fix it, can't sav…
where is this valuation coming from?
Elon Musk himself in an article dated March 26, 2023.
Elon Musk Values Twitter at $20 Billion
The billionaire bought the social media company for $44 billion in October and took it private.
https://www.nytimes.com/2023/03/26/technology/elon-musk-twit...
I rounded up to 25 billion because it's been over a week. ;)
Re: How Much Longer Can Twitter Last, Really?
#57An alternative is that it gets purchased for a few billion dollars by a tech PE firm or Microsoft, which honestly would be a pretty good outcome.
That’s exactly what the world needs. More tech consolidation under Microsoft.
Re: How Much Longer Can Twitter Last, Really?
#58Earlier quoted context omitted.
"I don't like Elon Musk and it frustrates me that he managed to purchase Twitter even though everyone in my bubble told me it wouldn't happen and/or that the process of doing so would bankrupt him, and neither of those things ended up happening" optionally, additionally: "also I liked Twitter better when only celebrities and friends of people who worked at Twitter could be Verified, because I was one of those friends…
I don't like elon musk and I do think it is bad that a rich person can buy an entire platform widely used for public discussion because they don't like how it's being used. You're having fun mocking it but I don't think there's anything particularly inconsistent or outrageous about this position. Musk is annoying and hangs out with shitty annoying people, now shitty annoying people are more prevalent on twitter. The…
> None of these are preposterous preferences my man.
sure, but at some point you have to separate your preferences from your objective analysis of whether or not something is going to fail, if you're conducting yourself in a manner that demands any amount of respect at all. it's very childish and naïve to "predict" that something you don't like (anymore) "will fail", and scramble to come up with as many disparate reasons as to why this is surely, definitively the case, all ex post facto, just because you don't like it. there's plenty of things that I don't like in the world that show no signs of failure or implosion or whatever anywhere on the horizon—why would I "predict" their "failure", just because I don't like them?
if this article (and others like it) was titled something like "Here's Why Twitter Should Fail: Ten Reasons I Don't Like It Or Elon Musk Very Much At All And Wish Both Of Them Would Just Go Away Forever", then, well, that would be a bit more honest, wouldn't it?
Re: How Much Longer Can Twitter Last, Really?
#59Earlier quoted context omitted.
I don't like elon musk and I do think it is bad that a rich person can buy an entire platform widely used for public discussion because they don't like how it's being used. You're having fun mocking it but I don't think there's anything particularly inconsistent or outrageous about this position. Musk is annoying and hangs out with shitty annoying people, now shitty annoying people are more prevalent on twitter. The…
> None of these are preposterous preferences my man. sure, but at some point you have to separate your preferences from your objective analysis of whether or not something is going to fail, if you're conducting yourself in a manner that demands any amount of respect at all. it's very childish and naïve to "predict" that something you don't like (anymore) " will fail", and scramble to come up with as many disparate re…
Oh, yeah I guess. I don't want twitter to fail I just don't want it to suck more than it has to.
Re: How Much Longer Can Twitter Last, Really?
#60A meta comment: since Elon’s takeover there has been an astounding volume of Twitter doom wishcasting. Almost none of these predictions have come true, and while I suppose they may eventually, the posts/articles getting increasingly difficult to pay attention to. Every time I see another of these my reaction is “god, another one?” I’ve been struggling to evaluate these articles on the merits, I’m sure I’m not alone.…
I mean...
>More than 70 of Twitter’s top 100 advertisers from before Mr. Musk’s takeover weren’t spending on the platform as of the week ended Feb. 25, according to an analysis from research firm Pathmatics, which is part of Sensor Tower.
-- WSJ, 3/3/2023