Naturally, Twitter's revenue has declined and is likely to further decline in the coming days.
From what is on that graph, it isn't looking like there's a decline in revenue from Twitter. If anything, it's looking like revenue is on a steady rise instead. Come to think of it, this period is a time where most companies aren't finding it easy with inflation and all that on the increase. I know that a lot of people didn't like the shakeup at Twitter when Musk took over but that's what should happen during a takeover by a new owner. In all of this, I still believe the ingenuity of Elon Musk to turn any bad situation to a great one. He isn't the richest man on the globe by luck. Dude knows what he's doing.
I second your observation. From the graph, it looks like Twitter revenue is still uptrending, the graph shows not a decline but a slowing down of profit growth. It is due to the reached audiences. Since the majority of the population had been reached in its earlier years and the competition got tighter in the recent year, the revenue growth somehow slows down. Or some done deals that haven't been renewed or replaced yet. That flow is normal especially when Twitter already reached its peak the trend will surely slow down.
Those company that stops promoting on Twitter will surely be replaced by other company. I still think twitter's influence and marketing power is still on its peak. These companies that stop promoting on Twitter are probably fueled by some propaganda or their contract is finished.
Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?
He is a genius and he will certainly surprise you and everyone.
Maybe not all his companies will skyrocket, but most of them are
Let's not confuse Elon's eccentric personality with his abilities and virtues, which he clearly has.
All indications indicate that the Twitter deal is a loser and that it was in a kind of show. Elon Musk is a genius in his management of projects with new and ambitious ideas such as Tesla and SpaceX, but his adventure with social media platforms was not very genius since the company had not generated revenues for years before its purchase and that the price offered was imaginary that exceeded its real value. Even if he succeeds in saving Twitter from the difficulties it is going through, this may cost more time, more effort, and huge capabilities, much more than what was initially planned.
I think it is expected because twitter first move is to clear its platform of idle accounts and clear its office of employees. Regardless, I believe Elon Musk is not showing any distress or problem on the status of Twitter. It simply shows he know what he is doing. Besides, it takes time for a company to rebound when it cleans its system.
