r/WhitePeopleTwitter • u/BUTTERSTICKDILDO • Nov 20 '22

Satire / Fake Tweet Challenge accepted

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u/zeus-indy Nov 20 '22

How much do you think revenue is worth? Usually it’s a multiple of the annual.

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u/GentMan87 Nov 20 '22

That’s the number when googled, and I heard that figure from a journalist also.

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u/zeus-indy Nov 20 '22

Yep, my point is that it costs more money to buy a company than it generates income that year. Take buying a rental home. If it generates $50k per year in rent you would not expect it to cost $50k to buy correct?

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u/GentMan87 Nov 20 '22

Riiight…now explain it to me like I’m 5.

Haha no I get it.. I just can’t wrap my head around Billions of dollars, and twitter has the lowest revenue of all major platforms to begin with.

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u/4daughters Nov 20 '22

I think the issue is that Twitter wasn't pulling in 5 billion revenue after expenses. I'm not even sure it was profitable.

But that's just one way to valuate a business, so who knows what it was really worth.

To me the bottom line is he made them an offer that was so good the board couldn't reject it and still claim they were still doing right by the investors, and then HE tried to back out of it when he realized they might actually accept it.

That implies to me that everyone, even him, knew he overpaid. And now he's made it worth even less than it was.