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Hi everybody and welcome back to
the Elon Musk podcast a Twitter.

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The renowned social media 
platform once considered the 

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heartbeat of the digital world 
has experienced its steep down 

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fall in value purchased by Elon 
Musk the Techno entrepreneur, 

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and CEO Space X and Tesla. 
The platform is value has 

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plummeted to one third of the 
acquisition price as revealed by

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Fidelity's recent markdown of 
its Equity stake in Twitter. 

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Now, Elon Musk who once saw 
Twitter as an opportunity to, to

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push the boundaries of social 
media has confessed that the 

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acquisition was not as fruitful 
as he had envisioned. 

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Now purchased for an 
astronomical forty four billion 

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dollars, including thirty three 
point, five billion dollars in 

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equity. 
Twitter's value has halved 

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according to mask the exact 
methodology by which Fidelity 

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determine the markdown remains 
undisclosed leaving. 

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Unanswered questions about 
whether they had access to any 

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non-public information from 
Twitter. 

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Now, the first signs of decline 
emerged in November when 

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Fidelity reduced the value of 
its Twitter steak to 44 percent 

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of the original purchase price 
and this initiated a series of 

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further markdowns in December 
and February, marking a 

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troubled, fiscal trajectory for 
the platform. 

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And since musk took control, 
Twitter's Financial Health has 

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been precarious saddled with 
thirteen billion dollars of 

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debt. 
The company faced a downturn 

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marked by erratic 
decision-making challenges and 

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content, moderation and 
compromise. 

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Consequential 50% decline in 
advertising Revenue as revealed 

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by musk and March and attempt to
supplement. 

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This loss with the sales from 
Twitter, blew subscriptions fell

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flat as less than 1% of 
Twitter's, monthly users opted 

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for the service by the end of 
March. 

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And while Twitter remain silent 
failing to respond to requests 

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for comment, musk's investment 
in the platform has dwindled to 

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8.8 billion dollars. 
The financial downturn is not 

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going to noticed with the 
Bloomberg billionaires. 

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There's index using Fidelity is 
valuation indicating a dip in 

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musk's 187 billion dollar 
Fortune by about 850 million. 

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Now despite these Financial 
tribulations, musk's wealth has 

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grown by more than 48 billion 
dollars. 

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This year primarily attributed 
to a 63 percent surge in Tesla's

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share price. 
Now, the initial optimism that 

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surrounded, musk's acquisition 
of Twitter in late October was 

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short-lived and the platform 
experience to see. 

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A surge in users with app, 
downloads growing by nearly 10% 

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in November now. 
However, daily active users. 

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Barely budged showing an 
increase of less than one 

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percent from the previous month.
And despite this must proclaim, 

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the platform's usage to be at an
all-time high with the actual 

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figure, only 0.8 percent higher 
than Twitter's previous daily, 

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user high in, June of twenty 
twenty-two musk is made, major 

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alterations to Twitter's 
operations and functionality, 

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while forecasting, the amp to 
reach one. 

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Billion monthly users by 2024. 
However, the Grandeur of his 

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prediction contrasts sharply 
with the reality, and it is per 

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data analysis, from autopia data
API and sensor. 

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Tower user engagement on Twitter
has shown signs of decline. 

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The once-promising, spikes and 
app, downloads are now. 

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Flattening and following musk's 
take over the average time, 

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spent on the app has remained 
stagnant at 19.1 minutes per 

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day. 
The same as in April, 20 22, 

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According to epitope Ian and 
they say there was a pretty nice

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increase in usage right after he
took over but now it's flat to 

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down observes. 
Tom Grant head of research for 

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apt opium and the platform saw 
brief periods of increased 

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engagement, particularly around 
the collapse of Silicon Valley 

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Bank an event that caused a 
surge among Twitter's power 

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users. 
However, these instances were 

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not sufficient to reverse the 
overall trend. 

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Now, comparatively other social 
media apps like Tick-Tock 

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Instagram and Facebook. 
Book record, significantly 

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higher daily, usage times users.
Spend an average of eighty, 

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seven minutes per day on 
Tick-Tock 43 minutes on 

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Instagram and 39 minutes on 
Facebook. 

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Dwarfing Twitter's average of 26
minutes per day as found by 

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sensor tower. 
Now Twitter barely edged out 

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Snapchat which sees 25 minutes 
of daily usage in the US. 

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And this stark contrast outlines
the gravity of Twitter's 

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challenges and maintaining user 
engagement notably Both younger 

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and older users divided between 
Millennials and Gen X and older 

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initially increase their time 
spent on Twitter according to 

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data around the time of musk's 
take over however this momentum.

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Soon dissipated with both 
demographicsnow spending less 

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time on the platform. 
According to a copious analysis,

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a more worrying, sign lies in 
the weaning engagement of 

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Twitter's power users in March 
events. 

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Such as the collapse of Silicon 
Valley Bank led to a peak in 

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platform engagement. 
Power users logging in for a one

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hundred and thirty eight point 
seven minutes a day and by April

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the figure fell to one hundred 
and thirty eight minutes, 

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slightly less than the same 
period a year ago. 

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Globally, Twitter is user rank 
among all apps has stagnated at 

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7th place since January of 
twenty twenty-two. 

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According to data, that Ai and 
app. 

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Downloads once a promising 
metric, also showed signs of 

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stagnation in April, downloads 
fell to sixteen point two 

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million down from 17. 
Point. 

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Five million. 
In April of 2022, slight 

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fluctuations have occurred for 
instance, in March, Twitter, dip

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to the eighth place for Global. 
Download ranks only to recover 

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in April. 
And despite these statistics, 

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there is a glimmer of hope the 
introduction of in-app purchases

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under musk stewardship, is shown
promising growth in April, and 

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May of 2022 in F revenue for 
Twitter total just over 120,000 

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dollars, combined fast forward 
to the same period in 2023. 

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The Any surged to just over 
three million dollars. 

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And most of this revenue is 
driven by users purchasing 

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Twitter, blew subscriptions, 
which offers users verified 

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status for $11 per month for iOS
and eight dollars per month for 

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everyone else. 
Even though this growth in a 

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revenue shows potential, the 
bigger picture remains unsettled

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since musk's take over there, 
we've been 88.1 million 

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downloads of the app. 
Lee less than the same period a 

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year ago. 
When eighty eight point, six 

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million people, downloaded the 
app. 

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Now this data paints a 
challenging picture for Twitter 

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under musk's management from 
Once being a thriving, social 

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media platform, Twitter now, 
grapples with declining user 

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engagement flattened app 
downloads and revenue. 

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That despite some signs of life 
is far from robust in the 

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spotlights. 
Now, on Elon Musk and he has to 

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demonstrate his knack for 
Innovation and revitalization to

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turn around the fortunes. 
Of this once-vibrant platform. 

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His task is huge and we'll see 
how this Saga unfolds in the 

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future. 
I want to say thank you for 

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listening to the Elon Musk 
podcast today. 

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I appreciate your time, I 
appreciate you spending it here 

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with me today. 
If you can take a second and hit

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That would be fantastic. 
I do appreciate you and I hope 

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you have a great day. 
Please take care of each other 

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and yourselves. 
And I'll see you next time.