Elon The Brilliant Loser
Also in today's edition: India Shelves AI Regulation, Buggy ChatGPT Rejected & From Pause to Promotion
Looks like Elon Musk is losing it all – his efforts and projects are failing and turning his image of a skilled businessman on its head.
The problem started with the Twitter acquisition. The world was waiting for Musk to take over the social media platform and “free the bird”. The bird, replaced briefly by a dog, is now free, but the platform is chained in more debt than ever before. Thanks to the deal, Twitter’s drowning in a hefty USD 13 billion loan. Since Musk’s takeover, Twitter’s advertising revenue, which accounted for about 90% of its total revenue, has nosedived.
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