Lankan Org

Advertise in this website
Contact us: info@lankan.org

Elon Musk and the downfall of the Twitter!

It’s not a secret that the world’s richest man Elon Musk bought Twitter. He was eager to buy it for a long time and hinted at it for years. However, he managed to buy it after lots of negotiations with the company this year.

Also, he didn’t forget to change the management after. However, the news from Twitter isn’t that exciting after his purchase. What happened after Elon Musk bought Twitter?

What happened to Twitter after Elon Musk bought it?

After Elon Musk bought the social media platform Twitter for $44 billion. Then he largely laid off employees as he wanted to shape and turn a profit. But now news from the United States says that Elon Musk’s changes have backfired on him and have led the company to bankruptcy.

Elon Musk’s Twitter ownership is in disarray on Thursday, with the resignation of one of its most important chief executives, Bloomberg reported on Thursday.

 The confusion comes a day after the chaotic launch of new features introduced by Tesla and SpaceX owner Musk.

Why do Twitter Employees leave the company after Elon Musk’s entrance?

Members of Twitter’s top privacy team reportedly quit, with Chief Security Officer Lee Kisner tweeting, “I’ve made the tough decision to leave Twitter.”

Musk was not flexible with them This is due to Musk’s threatening speech to employees that if the situation is not changed, the problem will escalate.

Why Advertisers don’t Thrust Twitter anymore?

US media reported that advertisers are fed up with Twitter. The departure of Yoel Roth, the site’s head of trust and safety, and Robin Wheeler, who played a key role in connecting Twitter with advertisers and is considered a key Musk ally, has shaken up the company internally.

Musk laid off half of Twitter’s staff, fired many top executives and ordered the remaining employees to stop working from home within two weeks.

Why was Twitter removed from the Share market after Elon Musk?

Due to the current crisis in the company, the purchase of Twitter shares has been removed from the scrutiny of the Twitter public markets, and Musk has been burdened with nearly 13 billion dollars in debt, according to the report. It is said that the future of Twitter is now in the hands of seven Wall Street banks.

Confidence in the company has eroded so rapidly that even before Musk’s bankruptcy filing, some were offering to buy some funds for as little as 60 cents on the dollar. That’s a price typically reserved for companies in financial distress,
Bloomberg

Advertise with us

Contact us for advertising: info@lankan.org

Collage showcasing fun activities in Colombo: Soapy Island soap football, go-karting at Pearl Bay, 9D Cinema, VR gaming at AVR Colombo, and indoor putt-putt mini golf.
Ultimate Guide to Fun Activities in Colombo: Your Adventure Map
image
Sri Lanka Crowned World's No. 1 Travel Destination for October 2025: A Deep Dive into Its Unrivalled Appeal and Recent Triumphs
plastic pollution in Sri Lanka
Sri Lanka to End Free Polythene Shopping Bags from November 1: A New Era in Plastic Management
Gemini AI for Sri Lankan students
Google Unlocks Advanced AI for Sri Lankan Students: A Digital Transformation Game-Changer
oldest man in sri lanka
Oldest Living Man in Sri Lanka: The Recognition of Bolland Hakuru Meniyel
Ceylon Tea
Sri Lanka's New Vithanakande Factory Brews History with World Record for Most Expensive Ceylon Black Tea
A tea plant and a cup of tea made of Ceylon Tea
Ceylon Tea Exports Brew Optimism with Notable August Surge
child
Sri Lanka Edges Closer to Banning Corporal Punishment: A New Era for Child Protection
image
Sri Lanka #1 Travel Destination for October 2025: An Island Reborn
Nano satellite
Sri Lanka's Third Nano-Satellite, BIRDS-X DRAGONFLY, Poised for Historic Orbital Deployment Today
Top 5 Interesting Things You Must Know Before Travelling to Sri Lanka 2025
Sri Lanka's New Visa Policies: Awaiting Implementation to Ignite Tourism Growth
image
Sri Lanka Sharpens Focus on High-Value Tourism Amidst Evolving Landscape
image
Sri Lanka's Economic Resilience Shines: A Deep Dive into Q2 2025 Expansion and Forward Outlook
reserve
Gender Inclusion in Public Transport: Sri Lanka's Latest Strides Towards Safer and More Equitable Journeys
pexels-dinujaya-munasinghe-734723526-30737735
Sri Lanka's Infrastructure Renaissance: A Wave of Resumptions and New Beginnings
Sri Lankan Airlines
SriLankan Airlines Forges Landmark Alliance with Axis Bank to Electrify Indian Tourism
Categories