Musk’s pitch before the board agreed to his $44 billion takeover was the only way to transform the company’s growth prospects was to eliminate a structure where management is beholden to shareholders. “In addition, the macro environment is becoming hostile with advertisers curbing their spending as they deal with inflation, which is running at a four-decade high, and uncertainty about future growth with rising interest rates.” “It seems Elon Musk is buying Twitter at a time when the company is struggling to attract new users following the pandemic-driven surge,” Haris Anwar, senior analyst at , said.
Elon Musk as a One-Man Media Power Broker Is Scary as Hell
