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Big Technology Podcast
Debate: Has Elon’s Twitter Takeover Worked? — With Ryan Mac, Kate Conger, Zach Coelius
Sep 25, 2024
Ryan Mac and Kate Conger, both reporters for The New York Times and co-authors of "Character Limit," team up with venture capitalist Zach Coelius to debate Elon Musk's tumultuous takeover of Twitter. They discuss the platform's valuation drop from $44 billion to $19 billion and explore Musk's controversial changes versus investor expectations. The trio also delves into the evolving political stances on the platform, its resilience amid chaos, and how corporate culture shifts impact public perception and trust.
58:37
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Quick takeaways
- Musk's acquisition has led to a drastic drop in Twitter's valuation from $44 billion to approximately $19 billion, demonstrating significant financial decline.
- The ideological shift under Musk's control raises concerns about limiting diverse viewpoints and stifling political discourse on the platform.
Deep dives
Elon Musk's Financial Impact on Twitter
Elon Musk's acquisition of Twitter has led to significant financial decline for the platform, with its value plummeting from the $44 billion purchase price to around $19 billion, and some estimates suggesting even lower evaluations. The authors of the book discuss how they intended the subtitle, 'How Elon Musk Destroyed Twitter,' to stimulate debate about the platform's current state. They argue that despite Twitter's persistent functionality, the radical changes Musk has implemented have undeniably altered the platform's essence. Musk's decisions have not only influenced its daily operations but have also left a long-lasting impact on its financial health and public perception.
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