I wonder what Elon Musk's adoring fans will say next year, when X.com/Twitter inevitably declares bankruptcy.
Advertisers have fled the platform in droves over the past year. This was predictable—Musk hollowed out the Trust & Safety team, invited previously-banned white nationalists back onto the platform, inverted the verification system so that the only thing it verifies is the user's devotion to Musk, and repeatedly spread and shared ludicrous conspiracy theories.
Musk has replaced billions in advertising dollars with millions in subscription revenue. He has also saddled the platform with about $1.2 billion in annual debt payments. You do the math.
Read the full article in the Newsweek.