Elon Musk’s Twitter takeover has been cited as the worst buyout since the financial crash of 2008….
This goes a long way to explaining how the platform has slid, and why Elon himself is trying to reinvent it and get advertisers back on board. It is very difficult to work out how revenues have changed but with some digging it is estimated that revenues are DOWN around 80-85% since the takeover. Now anybody care to believe that X/Twitter is still too big to fail? I know that they haven’t been paying the bills and have cut staff to the bone and to be honest it appears that Elon is literally paying for his own personal mouthpiece. If all of this is true – X will be gone soon unless there is a huge turnaround – this explains that frankly ludicrous lawsuit suing advertisers after Musk told them to go F*$% themselves and they left (as I would after being insulted)
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