IMHO, the intrinsic value of Twitter is zero.
It was a first mover and has a huge base, for now - but there is absolutely nothing special about what if offers. Others are doing the same. It will very soon become “unfashionable”
Twitter is a smaller version of Amazon and Facebook. They were transformational companies that changed the world in their own way, and the two larger ones have enormous market caps for some reason I’ll never understand ... but to the best of my knowledge none of them has ever paid a dividend and I’m not convinced their finances are anything more than smoke and mirrors.
“ It will very soon become “unfashionable”
I doubt that. Twitter is the voicebox of the American Reich…today’s U.S. government in its Marxist/fascist form.
As the mouthpiece of the Reich, it needs nothing more to remain “in fashion”. Normal business rules and concepts do not apply. It could lose literally every user except the Reich and still remain viable.