I'm like 150 bucks invested. Some people on here seem a lot more than that. Whether just emotionally or whatever position they took, I dunno.
So, how do banks destroy Twitter? As far as businesses-that-are-a-website go Twitter is in a reasonably good position. They're probably overvalued as an investment, but they have a lot of real users. More than, I'd say, reddit. Insta and TikTok exist, but I don't see them as replacements so much as services that can comfortably coexist -- that will have a lot of overlapping users.
What Twitter should do in sort of a worst case is fire all their useless employees and keep the users. I don't know whether Mr Musk actually wants to acquire Twitter. If not, it's a dick move for him to say he did. I certainly won't be involved again. Fool me once, you know.
So, how do banks destroy Twitter?
While there are a few big names that own a lot of stock, most of the stock, from my understanding, is held by banks. This gets scary because those stocks are probably being used to fund pension funds, 401ks, or are investment assets that the banks hold. So if it is over valued due to fraud, then they will have to extract as much money out of twitter to set the books right.
(post is archived)