Twitter Held Discussions for $4B Takeover of Clubhouse

https://www.bloomberg.com/news/articles/2021-04-07/twitter-is-said-to-have-discussed-4-billion-clubhouse-takeover

by marc__1 • 5 years ago

33 8 5 years ago

Firebrand• 5 years ago

What caused this surge of products from Twitter lately? The platform has been accused of being stale for years but then 2021 rolls around and now they have Clubhouse, Substack, and Patreon competitors ready to be released. Were they repaying technical debt before?

mandeepj• 5 years ago

They were planning the roadmap (pun intended)

Traster• 5 years ago

An activist investor came in (Elliot Management Corp) and pointed out that they had failed to innovate for 5 years and that their CEO had literally decided to go part time and move to Africa. Twitter's share price has been absolute trash for a long time and something needs to change. It has given them a massive kick up the arse and they're trying to demonstrate some new features and value.

It looks a lot like senior management at twitter was asleep at the wheel. Frankly though, I don't think that any of twitter's feature-a-like products are going to work, they don't have the scale of facebook.

typon• 5 years ago

Twitter stock price was $20 on Jan 1st, 2016. It is $70 on Jan 1st, 2021. That's a 350% increase.

MarkMc• 5 years ago

They need the scale of Facebook to work?

mrkramer• 5 years ago

Yea let's screw Vine which could've been TikTok and worth $100bn and buy new fad thing which is only used by celebs.

If this actually happens it will be one of the greatest Andreessen Horowitz's artificially pumped valuation.

Twitter Held Discussions for $4B Takeover of Clubhouse

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