Because Twitter is no longer a publicly traded company with a public stock price there’s no straightforward way to assess its current value. But most market analysts estimate the company is now worth no more than a third of the $44 billion Musk paid for it a year ago. To be fair, Musk clearly overpaid for the company. He paid a premium over the company’s current stock price and even that price was probably inflated. But there’s no question Musk’s erratic and destructive reign has dramatically damaged the company, torching its public reputation and leading to a catastrophic decline in ad revenues which Musk and independent press reports have pegged at between 50% and 60%.
But Musk has found a new scapegoat: the Jews. Or rather, the Anti-Defamation League, the American Jewish community’s largest and oldest organization dedicated to fighting not only anti-Semitism but all forms of racial and religious bigotry and other forms of discrimination. But I suspect the “rather” or the distinction in general might be lost on Musk’s 155 million Twitter followers. Over the past several days Musk has gone on a tear claiming that the catastrophic decline in his company’s value since he purchased it is mostly or entirely the fault of the ADL and churning up Twitter debates that at least big time anti-Semitic accounts think is clearly boosting their cause.
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