Twitter faces business pressure as deal drama looms

Twitter’s stock has been on a downward spiral ever since Musk tried to officially back out of the deal, plunging to a two-year low on Monday.

While executives sounded confident during its last earnings call that the company will be able to hit its stated goal of reaching 315 mDAU and $7.5 billion by 2023, the deal has largely overshadowed the company’s optimism.

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Some investors have suggested that the deal has impacted internal morale and investor optimism, hindering progress. Reports cite distractions internally, especially amid recent leadership turnover.

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