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Elon Musk’s acquisition of Twitter has spiraled into financial disaster, with stagnant user growth,emic revenues, and nearly $13 billion in debt. Banks holding the company’s stock are bracing for potential losses as they liquidate investments amid the acquisition’s fallout. Musk himself acknowledged the struggles in a January email to staff, stating, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.” Advertisers, once reliant on Twitter, have vanished en masse due to his erratic behavior and offensive content. Despite claims of improvement, Twitter remains mired in hate speech and far-right propaganda, making it a powerful tool for spreading disinformation. With Musk now a political figure vying against Trump, the acquisition’s legacy looms large as both a career hurdle and a potential financial nightmare.
More on Twitter: Elon Musk Once Said He Mainly Tweets While Pooping, So We Now Have Grave Concerns About the Condition of His Gastrointestinal System
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