Mainstream media pundits are melting down over the idea of Donald Trump returning to Twitter. CNBC’s Dan Nathan absolutely lost it over the possibility. Watch:
“It’s interesting when you think about Twitter’s business,” Nathan said. “Very soon we’re not going to be not talking about it, we’re going to have the transparency if this deal closes. And just to put some context, 10 years ago, Facebook/Meta went public. It had $5 billion in sales. That is what Twitter is expected to have this year. So think about how poorly they have grown that revenue based on how they monetized those users. Their users have been stuck. They haven’t been growing them. And when you think about the margin differential between, let’s say, Meta, at about 80 percent gross margin versus Twitter, where they are at 60, and not getting better, this business is going to be just impaired. Because the management and that plan that the whole team was looking at, the 2023 plan, when those news hit the wires today, that team has blown up. It’s gone.”
“They already blew up,” Tim Seymour chimed in.
“Yeah, so what I’m staying is, this is kind of like a dead stick right now,” Nathan went on.
“Are you also saying, as a private company, that it’s even worse off? Because they don’t have to — this is a company that we’re questioning what they’re reporting…” Seymour said.
“Let’s say this. If stock-based compensation is a huge part of how these companies incentivize people — this company is being taken out in a manner that is — he’s massively overpaying,” Nathan said. “He’s double paying for that. Usually when you want to buy an asset like this, take it private, you want to retool it, you want lever it up, you want to bring it out at a higher evaluation. And that is the incentive for the new management to come in. That’s out the door. That’s blown up. So, to me, I think the service probably gets worse before it gets better. I don’t know how they monetize it better if they’re going to be losing users, which I suspect they will, especially if they’re going to bring MAGA town back to the thing. So, to me, I — I don’t know. I mean, you guys are snickering, but that’s a real issue here.”
“Well, I mean, the idea of less censorship is clearly one of his — (crosstalk)” Seymour replied.
“Okay, so can I ask you a question?” Melissa Lee asked.
“Yeah. Well, you’re wearing your Twitter jacket today, so you seem on board,” Nathan snarked.
“It’s a coincidence, by the way. So, let’s say they reinstate Donald Trump onto Twitter. Would you leave the service?” Lee asked.
“Yeah, probably. I mean, I don’t need to be there for that. I’m not on Truth Social for a reason. No one other than, like QAnon and MAGA conspiracy —” Nathan said.
“But you don’t have to follow him. You don’t have to follow him at all. You don’t have to see anything about Donald Trump or from Donald Trump on Twitter. That is the beauty ,” Lee replied.
Melissa Lee actually makes an excellent point: In a marketplace, you don’t have to engage with anyone you don’t want to. But the radical left is so totalitarian they don’t even want to coexist with people who think differently than them.
Elon Musk’s buyout of Twitter can’t come soon enough. Let the collective left-wing meltdowns begin.
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OPINION: This article contains commentary which reflects the author's opinion.