Post
Topic
Board Economics
Re: What did elon do wrong in Twitter
by
qwertyup23
on 24/02/2024, 16:10:25 UTC
Wait a minute I used to think online is the next generation if your not going online your toast but elon musk just lost funds in Twitter trying to take it fully online. He sacked almost all the employees ,replaced them with bots and now he is trying   to sell it . Don't mistake me I'm not trying to criticise the dude but i don't get why this happened for real his plan was nice trying to reduce cost of work . But what went wrong
Twitter usage is really going down I think the app is more boring . What do you think we all know elon this might be another business Strategy right Undecided

First of all, it was mismanagement.

Elon Musk acquired Twitter for $44 billion and he had no concrete plan on how to execute his plans on making it a global platform. In fact, he used this platform solely to address his issues and problems which made it somehow political rather than a platform for free spech.

Second, it was poor planning.

In addition to what I have mentioned above, Elon Musk literally eliminated like half of the executives and employees of Twitter who mostly worked there for years. With such poor planning, he lost majority of its users on the first month and the trust that people had with Twitter was gone.

Lastly, the re-branding.

Sure, Elon Musk wanted to re-brand Twitter and named it to "X" but it just destroyed the image further. People mostly know Twitter as Twitter; in fact we even call it Twitter despite it being re-branded to X already. With its name already established, it somehow ruined further its reputation that led to its downfall continuously even as we speak currently.