Twitter shares are declining as a result of the changes that are taking place on the platform.. Investors and advertisers are leaving. Elon Musk is losing a lot of Twitter revenue because of that. He also sold his Tesla shares to buy and grow Twitter. With this blow, Musk’s wealth of 101 billion dollars has evaporated in this year alone. However, with a wealth of 170 billion dollars, Elon Musk is still in the number one place on the list of the world’s richest people.
According to a report by Bloomberg Wealth Index, Musk is losing 2,500 crores of wealth every day. About three and a half lakh Tesla cars have been recalled due to the technical defect in lighting and airbags in Tesla cars. The shares fell suddenly. Apart from this, problems related to Twitter are the reasons for Musk’s wealth to evaporate.
Also Visit :Why did Elon musk just spend billions to own Twitter
For Latest Cinema News visit HYD7AM