Description: Elon Musk’s acquisition of Twitter has not exactly taken off like a rocket.
After trying desperately to get out of the $44 billion purchase, he faced a court battle for reneging. So he went through with it, while complaining that he was “obviously overpaying.” Mass layoffs and mass resignations have left Twitter a shadow of its former self. And Musk’s decision to put blue checkmarks — Twitter’s confirmation of a user’s identity — up for purchase has scared away advertisers, who provide nearly all of the company’s revenue.
Date: Nov 21, 2022
Questions for discussion:
- What does the report say about perceptions of Elon Musk and his handling of Twitter?
- What do you think about his decisions?
- Do you believe his actions at Twitter will have wider ramifications for other businesses he is tied to such as Tesla?