The Elon Musk & Twitter Saga Continues
Twitter has long since been trying to make up ground in the social media game to the likes of Meta/Facebook, Snap, LinkedIn, and even more recently, TikTok. However, it's still relatively small, by active user count and revenue, with a high share price of $77 in February 2021, now trading at roughly $46 today with a market cap of $36.9B. For comparison, Meta is currently trading at $214 with a market cap of $582.5B and Snap is trading at $34 with a market cap of $56B. That's a big difference.
Elon Musk has been talking about starting his own platform and the discourse on the freedom of speech on Twitter. Then polling his users about Twitter needing an edit button. It's been quite the ride with Elon and his Twitter followers as of late.
Is a new platform needed?
— Elon Musk (@elonmusk) March 26, 2022
Do you want an edit button?
— Elon Musk (@elonmusk) April 5, 2022
