Elon Musk reluctantly took control of Twitter in October 2022, now called “X,” following a forced $44 billion acquisition, now signals its demise. His leadership has been marked by bizarre decisions, such as introducing an unpopular subscription fee for verified users and rebranding as “X.”
Elon Musk‘s recent move to remove headlines from article links has been met with criticism. Moreover, Musk has allowed the resurgence of right-wing extremists and misinformation on the platform, damaging its reputation further.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Twitter has lost millions of daily active users under Elon Musk’s leadership, but the real threat is financial. The company holds significant debt, and if it can’t make its quarterly interest payments, it may face repossession by creditors.
And one almost has to admire the scale of the spectacle: Elon Musk spending the GDP of a small country to buy a flashy toy, only to make it crash and burn like a Tesla on Autopilot.
There’s a sick thrill in watching him announce a tweak that will never come to pass — eliminating the “block” feature, for instance — and then get into a fight with @Catturd2 over it.
Elon Musk’s laid off thousands, and isn’t above personally firing an engineer who dares to correct him, yet believes X can still be transformed into the “everything app,” integrating payment and shopping services.
That stuff is likely to be indefinitely delayed, much as SpaceX‘s long-promised missions to Mars. Who could fail to be entertained by such a saga of self-destruction?
Despite Elon Musk’s numerous missteps, his defenders argue that Twitter is still active. However, the platform has become a battleground for a divided user base, with a toxic atmosphere of arguments and contempt.
The site appears to be in a state of decline, sustained only by the mutual hostility of its users. It’s unclear how long this once-semi-functional platform can stay afloat in its current state.