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Back in mid-November, speculation ran rampant whether the lights would soon be turned off at the offices of Elon Musk's $44-billion acquisition. Months later, however, Twitter has so far defied those who were eulogizing the company, chugging along but still facing significant challenges.
It’s been a whirlwind of mass layoffs, revenue losses, investigations, provocative tweets, and app developments since Elon Musk announced his impending acquisition of Twitter back in April 2022. A number of big advertisers have since paused spending or left Twitter altogether, while media headlines continue to be a flurry of gloom and doom predictions regarding the future of the platform.
The continuing turmoil at Twitter, which has also raised questions about the ultimate fate of the social media site, may have also thwarted some of the other plans Elon Musk had for his new acquisition — to create an app for everything.
Elon Musk is making moves to shore up Twitter's fortunes. But as Twitter's troubles multiply, so does the risk of a TSLA stock crash.
With Elon Musk's on-off takeover of Twitter back on, attention is turning to what he plans to do if and when he gets his hands on the social media platform.