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Twitter Turning Into X Is Set to Kill Billions in Brand Value (www.bnnbloomberg.ca)

submitted 1 year ago by Navarian@lemm.ee to c/technology@beehaw.org

128 comments fedilink hide all child comments

An estimated $4 to $20 billion in value, what is he thinking?

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[–] norbert@kbin.social 8 points 1 year ago (2 children)

That's why Jack Dorsey jumped on it. Why spend all your time and energy maintaining a completed project when you can take $44 billion and explore other, new projects..

[–] iAmTheTot@kbin.social 6 points 1 year ago (2 children)

Jack Dorsey did not make that decision. The company had a board that made the decision.

[–] Moonrise2473@feddit.it 4 points 1 year ago

The board members they all loved a golden parachute with a valuation like that

[–] Very_Bad_Janet@kbin.social 1 points 1 year ago

But he did convince both Musk and the board that Musk would be the right buyer. He helped orchestrate this deal.

[–] squiblet@kbin.social 2 points 1 year ago

Dorsey was eager to sell in part because he knew the price was ridiculously high.