Elon Musk sells Tesla shares, blocks a student’s account, and Twitter may lose millions of users

and Twitter is such a problematic relationship that we can’t keep up with news about more controversial reports from behind . Over the last 24 hours, more problems have multiplied – both PR and financial. We briefly discuss the most important of them.

Twitter has banned an account that tracks Elon Musk’s flights

First, he blocked the account of Jack Sweeney, a 19-year-old from , who started an ElonJet Twitter account. The profile showed the flights of Musk’s private jet, and before the blockade he had 500,000. followers. Sweeney’s personal account and all of his other Twitter profiles have also been suspended.

This surprising move was explained by Elon Musk himself. He explained that Twitter will block all accounts that link to sites with real-time location information. It was explained that users can still share their own live location, but can no longer do so with the locations of others. Recall that when Musk adopted Twitter, he announced the restoration of “free speech” in it.

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Twitter may lose 32 million users

The account of “some Florida teenager” is not Twitter’s biggest problem, however. The results of the latest Insider Intelligence survey may cause much greater concern among the company’s management. According to analysts’ predictions, Twitter may lose 32 million users in two years after its acquisition by Elon Musk. People are supposed to want to quit the app due to technical problems and hate speech.

“There won’t be one catastrophic event that ends Twitter,” Insider Intelligence chief analyst Jasmine Enberg told Twitter. Internet users are simply to gradually resign from the platform. By the end of 2024, the number of users is expected to fall to 50.5 million, the lowest level since 2014. In 2023, the number of users is expected to decrease by 4%, and in 2024 by another 5%.

Elon Musk sold Tesla shares

This is also true of Musk’s other company, Tesla, which he founded himself. This week, he sold another 22 million of her shares, worth $3.58 billion. The reason for this sale has not been disclosed, but everything indicates that it was not planned, reports .

Unofficially, it is said that Musk may need additional funds to service the debt incurred to buy Twitter. Recall that Elon Musk took over the platform for $ 44 billion, but it seems that it could have been a rather unprofitable business move, because Musk himself admits that the company loses $ 4 million a day. Tesla investors fear that the billionaire’s heavy involvement in Twitter is dragging his other businesses down, and recent stock market movements may be proof of that.