Since Elon Musk took over the firm in October 2022, Twitter's valuation has dropped by more than 50%. For Musk and his investors, this is a huge drop in value, and it begs concerns about the social media network's sustainability.
The drop in Twitter's valuation can be attributed to several things. Musk's impulsive and unpredictable conduct is one of the factors. Musk has made a number of contentious changes to the firm since assuming control, such as rebranding it X, sacking senior staff, and easing content moderation guidelines. Some users and advertisers have been offended by these changes, which have raised worries about the platform's survival.
The fact that Twitter's valuation has declined is noteworthy since it reflects several wider developments. It first illustrates the increasing ambiguity around social media's future. Social networking sites are coming under more and more criticism for their part in the propagation of hate speech and false information. The purchase of Twitter by Musk has only made these worries worse.
© Copyright 2023. All Rights Reserved Powered by Vygr Media. And choose the relevant category to which the article
