TWITTER GOES PC: The Market Ticker calls Twitter’s stock to zero.
Yes, that’s a bold call, although a lot of people would think not with the stock down from $53 and change to under $19 in the last year.
But no, this isn’t just about how are they going to make money (which is a clean and open question) — it’s about their new-found zeal for ban-hammering anyone who’s conservative — and has the nuts to voice that.
The company recently put in a place a “Trust and Safety Council” that they staffed with hard-left social justice nuts.
Media sites that go PC usually dwindle and die. They show contempt for most of the population, and ultimately bore the rest. Shareholders have learned to bail when they see virtue signalling becoming more important than profit.