Too much! Elon Musk closes for $ 44 billion the purchase of Twitter but the Big-Tech are in crisis because brands spend less on marketing
The richest man in the world bought the platform by tweeting: "the bird is freed." [Elon Musk completes $44 billion deal to own Twitter – NYT]. It'snot a great buy, and there's also a broader change going on in online communities. Even in Zuckerberg's company, things are not going well. Meta's shares fell 25% because brands spend less on marketing. Meta's disappointing earnings come amid a broader sell-off in Big Tech stocks.
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