The arrangement that Twitter struck with Elon Musk was just too expensive – and with the wrong person. Other private buyers might be interested, says TheRealLSL.
on Friday. After the resulting fall in its shares, the social network’s $25 billion valuation is now about fair. If the price continues to fall, other buyers might be interested.
Twitter’s struggle with slowing growth makes it a decent candidate to come off the public market. But Musk was the wrong buyer, offering the wrong price. He swooped in at the start of April, just as a massive rout in technology stocks began. As interest rates continue to go higher and the economy slows, so do company growth rates, especially for technology firms. That, coupled with a higher risk associated with gleaning that growth, means the intrinsic value of Twitter has declined.
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