X - Elon Musk Tells Cathie Wood Legacy Media Declining Doing What They Can For Clicks: 'Can't Entirely Blame Them' | Benzinga
Elon Musk took social media platform Twitter, now known as X, private for $44 billion in 2022.
While many have written Twitter off, Musk says the company is growing while legacy media declines.
What Happened: While X may not be valued at $44 billion, still for many of the investors who took part in the company's buyout, Musk highlighted the growth of the platform and its future.
Speaking on a Twitter Spaces with Ark Invest CEO Cathie Wood and other Ark leaders, Musk said the legacy media sector is declining and continues to do things for clicks, sometimes out of desperation.
"You can't entirely blame them," Musk said.
Musk added that in a shrinking pie for legacy media, desperate times call for desperate ...