That’s not entirely true. There is a company that still holds its Twitter shares even after it went private. They are the ones that everyone points to when looking for real estimates of how much value the company has lost. Every quarter or so they release their estimate of their shares in Twitter, and based on the total shares they own, we can get a good idea of the total company valuation.
Comment on X drops headlines from articles, as new report details its bleeding ad revenue
joenforcer@midwest.social 1 year agoSince Twitter is now private, we’ll never know the real numbers, but the paper value of the Twitter brand itself being cast aside is a huge non-monetary loss.
Tyfud@lemmy.one 1 year ago
uis@lemmy.world 1 year ago
Twitter always was private and profit-driven.
joenforcer@midwest.social 1 year ago
Twitter was a public company before Elon’s acquisition. Not sure what you’re trying to get at with the “profit-driven” comment either… every business is by necessity.
Natanael@slrpnk.net 1 year ago
Don’t mix private vs gov entity with private ownership vs ownership shares open for purchase top the public
uis@lemmy.world 1 year ago
You forget about NG-NPOs. Linux Foundation is NG-NPO, FSF is NG-NPO.
gravitas_deficiency@sh.itjust.works 1 year ago
Right?? Like, it was one of the most known brands in the world. You don’t throw that away if making money is your goal.