Bill Ackman deserves credit for promptly understanding his investment thesis on Netflix was flawed, accepting responsibility openly, and making wise decision to reallocate assets elsewhere rather than double down on the bet.
Twitter has had a zero percent shareholder return since its IPO. It has a large user base, but it is unable to monetize them. DAU in the fourth quarter of 2021 is 217 million. I'm not sure how current management can produce "growth prospects" after failing for the past 9 years.
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.
Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.
https://t.co/Jty05oJUTk
These past two months I’ve realized my place is still on the field and not in the stands. That time will come. But it’s not now. I love my teammates, and I love my supportive family. They make it all possible. I’m coming back for my 23rd season in Tampa. Unfinished business LFG