Elon Musk has owned Twitter for less than a month, but the changes in the company are already visible to the naked eye. The social network drastically reduced staff, thought about monetization, scared away advertisers and users. The latter, however, have already found an alternative to Twitter.
On Friday, Beijing moved to concrete measures to address two of the most pressing issues for the country's economy - COVID-19-related restrictions and problems in the real estate sector. The news instilled optimism in investors and provoked a rally in the stock market
Shares of social networks are rapidly falling, the main market players are massively laying off employees. Elon Musk talks about the possible bankruptcy of Twitter. The situation is explained by a number of reasons - from problems with monetization to political pressure.