Larry Ellison, founder of the software firm Oracle, is the second-richest billionaire in both the U.S. and the world, and for a brief moment was No. 1 in the world.
I looked up the valuation and I found around $30 Billion? That’s a fucking joke. In the era of wildly inflated assets and tech valuations the overwhelmingly most popular social media platform should be worth at least 10x that even if it is only US operations.
Twitter was sold for $44B. So yeah the US side of TikTok which is WAY larger (and can actually sell ads!) than Twitter ever was and certainly larger than Twitter is now/ever will be with South African Farce Hitler in charge. $440B sounds correct in today’s “valuations are made up and the dollars don’t matter” economy. Meta is valued at $500B+ even though facebook is and has been dead for years now. They still have IG which is way smaller in usage compared to TikTok. In the US anyway and as far as I’m aware.
I looked up the valuation and I found around $30 Billion? That’s a fucking joke. In the era of wildly inflated assets and tech valuations the overwhelmingly most popular social media platform should be worth at least 10x that even if it is only US operations.
Twitter was sold for $44B. So yeah the US side of TikTok which is WAY larger (and can actually sell ads!) than Twitter ever was and certainly larger than Twitter is now/ever will be with South African Farce Hitler in charge. $440B sounds correct in today’s “valuations are made up and the dollars don’t matter” economy. Meta is valued at $500B+ even though facebook is and has been dead for years now. They still have IG which is way smaller in usage compared to TikTok. In the US anyway and as far as I’m aware.
Idk, maybe advertising isn’t as lucrative in the era where your audience can’t afford to buy anything you’re selling.
Elon Musk paid $44B for Twitter which is obviously waaaaaaay less valuable than TikTok. Thats a crazy undervaluation.
Tbf he paid that much because he said he would pay something like $420.69 a share because he’s a dumbass
So, not only did the US make China sell US tiktok, it fucked China on sell price as well.
Sounds about white.