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by dehrmann
1303 days ago
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We're watching something similar possibly play out with Twitter. Musk bought it at its peak price and scared away a lot of big advertisers. In the near-term, it's not clear if he cut headcount enough to offset the loss in revenue. In the mid-term, we'll see if he can maintain its relevance. The long-term bet is he can find something to bring Twitter to 1-2B users that Twitter overlooked for 10+ years. For someone who many see as a business genius, he's made a very questionable bet, and it's a reminder a lot of these people are more lucky than good. Or maybe I'll be using the TwitterPay in five years to buy a Feather tablet so I can watch Vines. |
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