Quote:
Originally Posted by PeteMoss
Obviously it was run by business people trying to make money. They might not have been overly successful at it, but they were trying to make money. If they weren't - they would have been pushed out by shareholders/board. They didn't have a Facebook like structure where Zuckerberg can do whatever he wants because he has all the voting power.
|
Before Elon, twitter was owned by huge investment firms that manage trillions in assets and that also own significant amounts of all 6 major US media companies. Twitter has a profound ability to shape public discourse, influence politics and impact businesses. There are countless ways to extract value from twitter that aren't directly financial, but probably not so much that you still sell it to whatever schmuck is willing to pay $40B for it.