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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, New York Times reporters and co-authors of "Character Limit: How Elon Musk Destroyed Twitter," join Zach Coelius, a venture capitalist supporting Musk's management. They dive into a lively debate over Musk's impact on Twitter, exploring financial declines, advertising challenges, and the shifting sands of truth in social media. Insights emerge on the platform's operational struggles post-acquisition and the contrasting leadership styles of Musk and his predecessor, Jack Dorsey. A sharp look at the chaotic evolution of a once-favored platform.
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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