Elon Musk's X

Elon Musk's ownership of X, formerly Twitter, has sparked significant controversy, particularly concerning its alignment with right-wing politics and the platform's declining user engagement. Many users have reportedly migrated to Meta's Threads, leading to discussions of an 'Xodus,' despite the lack of concrete data. Trump's return to X has negatively impacted shares of Truth Social, with Trump's political fortunes affecting investor confidence. Additionally, X's advertising revenue has dropped sharply, with a reported 24% decline compared to the previous year, raising concerns about its financial sustainability. Public sentiment towards X is notably negative, with a recent survey indicating that 42% of daily users view the platform unfavorably, reflecting dissatisfaction with Musk's management. Overall, Musk's changes and the platform's direction have led to widespread criticism and a struggle to retain both users and advertisers.