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WEKU
WEKU
Camila Domonoske

Elon Musk's backers cheer him on, even if they aren't sure what he's doing to Twitter

Twitter's new owner Elon Musk at the 2022 Met Gala in New York City in May. (Dimitrios Kambouris/Getty Images for The Met Museum/)

Elon Musk's acquisition of Twitter has not exactly taken off like a rocket.

After trying desperately to get out of the $44 billion purchase, he faced a court battle for reneging. So he went through with it, while complaining that he was "obviously overpaying." Mass layoffs and mass resignations have left Twitter a shadow of its former self. And Musk's decision to put blue checkmarks — Twitter's confirmation of a user's identity — up for purchase has scared away advertisers, who provide nearly all of the company's revenue.

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