many reasons why it lost value and one being that certain political and NGO groups persuaded many companies to stop advertising with twitter due to them allowing freedom of speech. Plus the fact elon paid way to much for a social media company that thrived due to millions of bots pretending to be humans.
Not one reason was it because it now runs on %90 less staff.
Ann: Restructure and Cost Reduction Program to Achieve Cashflow, page-33
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