Earlier quoted context omitted.
> Elon's doing so many things that will gut Twitter/X. They've just been on the front-page of all the Western media today, from the FT, to BBC to the NYTimes, they're doing quite all-right. Meanwhile I realized today that I have genuinely forgotten the name of the Twitter clone put forward by Zuckerberg, C...something. Ah, no, I've just googled it now, it's Threads. Yeah, that project is dead in the water.
a) Twitter/X is not doing okay. They are valued at 1/3rd of what the company was purchased at. And their ill-conceived rebrand has seen them plummet on App Store charts indicating that many people don't know that it even happened. b) After its initial peak Threads started to lose users largely because of missing features e.g. web app, search, hashtags, chronological sort etc. One by one these are being added and user…
That's not really a very useful metric, because Musk paid way too much for it in the first place, and even without that it was probably overvalued to start with (IMHO). Besides, in the end a valuation, especially for a private company like Twitter/X, is not really all that useful and just a bunch of people going "well, I'd pay this much for it, I guess..."
I don't know if Twitter is doing okay or not, but I do know this is not a good metric.