By his own admission, Elon Musk has driven the value down of Twitter to less than half of what he paid to acquire it last year.
Musk was forced to acquire $44bn last year, having first made a formal bid for the company at $54.20 a share and then spectacularly trying to back out of the acquisition when shares in the company fell significantly.
A recent report from Vox revealed over half of the top 1,000 advertisers on Twitter prior to Musk’s acquisition no longer show ads on the platform
