Post
Topic
Board Economics
Re: Elon Musk and the fall of Twitter
by
Fortify
on 28/03/2023, 20:40:10 UTC
Elon Musk has been in various complications since purchasing the popular social media Twitter. After purchasing the social media he imposed various restrictions on the intention of the users. Since becoming the owner of Twitter, by eliminating employer he tried to reduce the company's costs. No one including the users could accept his various thoughts regarding on twitter. As a result, today he has to announce the sale of his Twitter at half of the buy price. $44 billion Twitter is now $20 billion. Elon Musk has made such an offer to sell shares to Twitter employees.

Elon Musk cofounded and his four popular companies are Electric car maker Tesla, Rocket producer SpaceX, Tunneling startup Boring Company and
Twitter

He may be a big businessman but nothing can be imposed ignoring the sentiments of common people. Since Elon Musk's purchase of Twitter, 14 of the 30 companies that have served as advertisers they have stopped promoting in twitter. Naturally, Twitter's revenue has declined and is likely to further decline in the coming days.

Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

It's actually hilarious and very entertaining to watch Elon self destruct large portions of his wealth, but a bit unfortunate that he is having such a huge effect on free speech while he drags his various companies down. He had to be reprimanded by regulators multiple times when his focus was on Tesla, because he had a tendency to create misleading or downright unprofessional outbursts at anyone who questioned him. He must be an absolute nightmare to work alongside yet he takes credit for most of the intelligent engineering performed by other people. The fact that he has torpedoed over $20 billion dollars in the space of a couple months is sweet justice and hopefully some of his flock of blind followers have seen the light.