Twitter’s Problems

Patrick Boyle discusses Elon Musk’s changes to Twitter since taking ownership, including financial losses, replacing all plumbing fixtures, replacing the branding, laying off staff, independent content moderation, and paid verification. It also mentions the controversy surrounding Musk’s tweets and interviews, company unprofitability except for 2018 and 2019, and the financial impact of his acquisition on advertisers. The video highlights Twitter’s struggles with advertising sales, heavy debt load, and the drop in engagement and stock prices due to a fake tweet and Elon Musk’s rant. Overall, the video suggests that “Twitter is Going Bankrupt!” is a misconception as indicated by a decrease in daily active users and app download rates and a lack of evidence for Musk’s plans to revolutionize payments on the platform.