zlacker

> Reddit, Twitter et all don't owe you anything. They do not make money via read-access API calls - they lose money. It's super simple...

Twitter eliminated 3rd party clients, and now Twitter is estimated to be worth 1/3 of its acquisition price.

>>lapcat+(OP)
Seeing how all the numbers are private, I don't know how anyone can reasonably estimate it's value. Seeing how unaffected Twitter has been in public discourse, and media, it seems these estimates are grossly underinflated.

Lastly - Twitter's market price has nothing to do with it's profitability. That seems obvious, but apparently needs to be said here.

>>Alupis+L
> Lastly - Twitter's market price has nothing to do with it's profitability. That seems obvious, but apparently needs to be said here.

It's not profitable. That's why they're cutting to the bone and not even paying a lot of their bills.

They had to make an advertising exec the nominal CEO, because a lot of advertisers have fled the platform.

>>Alupis+L
If you believe Elon Musk Twitter's current value is less than half of what he bought it for ($20B compared to $44B).

https://edition.cnn.com/2023/04/27/tech/elon-musk-twitter-si...

>>lapcat+(OP)
Ad revenue cratered for ElonTwitter months before Elon banned third party clients. Unrelated events.