$44 Billion Twitter Purchase Was A Steal Says Former CFO
According to one of the platform's former executives, Elon Musk may have received a good deal when he paid $44 billion for Twitter.
Assuming that he is able to
value out of the platform by adding new services and decreasing costs.
"It’s really up to the team to execute the way they see fit, but I think they should have billions of users given the content they have that’s so valuable, former Twitter CFO and COO
"And if they can unlock that potential, they should be valued in the hundreds of billions of dollars rather than the tens of billions."
Noto, the current CEO of SoFi, worked at Twitter from 2014 to 2018, first as CFO and then as COO.
Noto declined to discuss what improvements he would make to the site, but he said Twitter may perform better under a single CEO, like Elon Musk.
Musk has only been in charge of Twitter for a week, yet he has already made significant changes to the network.
He is rumoured to be planning a 50% employee reduction to align costs with sales patterns, and he has fired Twitter CEO Parag Agrawal, CFO Ned Segal, and the board of directors.
Additionally, the CEO of Tesla has taken to Twitter in order to speculate on a variety of potential upgrades for the platform.
Musk, for example, is said to have asked that developers install software that will charge verified users to keep their blue checkmarks.