The Valuation.
Suppose there’s anyone who can turn sixteen-year-old Twitter into a financially successful company? Elon Musk. In November 2021, Twitter’s founder and ex CEO Jack Dorsey stepped down from his post and named Parag Agrawal CEO in his place: on Nov 29, 2021. Today Twitter’s stock rose on news of Musk’s purchase of the left-leaning fledging bird. Although artificial intelligence analytics tracker data.ai Glassdoor puts Twitter’s weekly users at 416 million, Twitter has a base closer to approximately 212 million weekly users.
Elon Musk could have set up and established a rival social media platform for less than a fraction (a tenth) of what he’ll pay for Twitter. Twitter’s founder Jack Dorsey enthusiastically endorsed the deal in waiting. The shareholders are also on board to get the value rolling — some of Twitter’s employees aren’t as thrilled. The Tweedie bird is on the bottom of the barrel of other social media sites compared to Facebook and Instagram.
Musk has 84 million followers on Twitter posted: Elon Musk
@elonmusk
I hope that even my worst critics remain on Twitter because that free speech means
12:12 PM · Apr 25, 2022, ·Twitter for iPhone
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