The financial statements are not wrong, Twitter is losing money is true, but that doesn't mean it's dead or Elon has failed. I find it quite amusing that so many people have started criticizing or gloating when Twitter has gone downhill since it was acquired by Elon. But they forget that business is not always smooth, especially when we are going through a severe economic crisis. Maybe he and Twitter are going through tough times, but I don't think he would be stupid to spend $46 billion without knowing what he's doing. Don't forget that he is the richest man in the world and he runs 5 different companies. Meanwhile, who are the people who laugh at him, and what success have they achieved?
I'm not defending him nor being a fan of him but we need to look at the fact that he is a genius and I believe he will soon bring Twitter back to its glory days.
While, It is true that financial statement reflect the true financial condition of a company for a specific period. However, the stock price of a company not necessarily shows its true value, as generally stock markets operate on perception and sentiments driven by big players. A notable example is covide-19 era, when stock market went bullish despite global economy facing significant challenges. Another crucial factor is, rising interest rates, which is affecting profitability of many sectors of the economy. Looking ahead , we should wait for the release of new version of twitter, and how it comes up to expectations of its users. This significant aspect could potentially determine the future prospects of twitter.
I identify that indeed the Covid-19 era is the peak in all areas of stocks, crypto and others, and I think that is because there is a large supply of money circulating in society, which on average is also that the increase in investors is very high, it shows the situation that many people who put their money into investment assets, what happened to Twitter is the same, and I think it's unfair if only Twitter is highlighted, there are still many other companies in the same field that have experienced a significant decline after Covid19 ended, and money started to be withdrawn by the government by raising interest rates, which is a step to stabilize the circulation of money.
So in my opinion it is normal in the cycle that occurs in the world of stocks today, including bitcoin, and of course if Twitter is still productive and in the future, of course it will definitely increase again to their highest point last year.
