--Topic by @bullrider_21
Elon Musk just completed buying over Twitter in a USD44 billion deal.
$Twitter (Delisted)(TWTR.US)$ and the company formerly known as Facebook once dominated social media, but now both of them face uncertain futures. Twitter took on USD13 billion in debt to complete the deal and is set to lay off half of its staff. Facebook parent
$Meta Platforms(META.US)$ will spend tens of billions of dollars from 2021- 2023 to transform into a metaverse company while its main Facebook app struggles to remain relevant to younger users. There’s no guarantee the metaverse will take off. Facebook, Instagram, and Twitter have all declined in popularity. Will social media remain the same again?