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X Is In BIG TROUBLE Under Elon's Leadership

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Advertising and engagement on X, formally known as Twitter, has plummeted under billionaire Elon Musk's leadership. Ben Gleib and Rayyvana discuss on The Young Turks.

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Read more HERE: https://www.axios.com/2023/10/26/x-twitter-usage-statistics-elon-musk-owner

"X, formerly Twitter, has hemorrhaged users and advertisers in its first year under Elon Musk's ownership, according to new data provided to Axios.

Why it matters: Investors who backed the deal hoped Musk's track record and vision would supercharge X's popularity and value. That has not happened, at least in the short-term.

Fidelity, one equity backer, was holding Twitter at a 61.43% discount through the end of August.

Banks are expected to take a 15% discount on debt they've thus far been unable to unload, per the WSJ."

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231026__TA04TwitterX
Category
Europe
Tags
231026__TA04TwitterX, News, Politics
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