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by JumpCrisscross
3509 days ago
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> Profitable companies aren't bad for shareholders They are if the profits were greatly overestimated. Paying a billion for a dollar of profits isn't smart. Not to mention, Twitter isn't profitable. (They lose half a billion dollars a year.) About a month ago I said I'd find Twitter a possibly reasonable buy at a third its current valuation [1]. To make that work, a lot would need to change. And Twitter's current investors would surely lose. [1] https://news.ycombinator.com/item?id=12710784 |
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