
When Elon Musk walked into Twitter’s offices in San Francisco last month, on the day he finally plonked down $44 billion to buy the social media platform, he was carrying a sink. His message? “I’m going to throw everything at this company to fix it.” Today, some in Silicon Valley are joking that he might have been better off carrying in a toilet. Twitter and much of the rest of the tech sector are seeing profits, valuations and prospects for growth flushed away.
