I'm currently perusing a thread
about 80's greatest music, and not one bot has mentioned Madonna. Not one. That tells me everything I need to know: It's all a lie. Everything digital is fabricated.
Social networks, once thought to have all-encompassing power to change our mood or voting strategy, have been hitting wall after wall this week. On Wednesday came the news that Meta's Facebook and Instagram are facing a ban on their personalized ad business in the EU unless they sort themselves out. Meta's also under the cosh …
I've wondered about that.
Normally a company's worth is it's assets + potential future profits.
Twitter didn't as far as I know have any tangible assets of note - infrastructure like offices and servers were rented.
It had intangible assets in it's skilled workforce - which has been vastly reduced for no benefit apart from slightly reducing running costs, and it's data - how much of a subjective value that has is anyone's guess but likely to be far less than $44 Billion.
Running costs were (and probably still are) greater than income from advertisers, so unless something drastically/magically changes there's no potential future profits to be factored in.
The valuation probably was, and still is, off by several orders of magnitude. I wouldn't have paid more than £44 ;-)