We laugh about the ancients when they tried to predict the future from the entrails of slaughtered animals. But to try to predict it from news articles on the web…? The entrails reading ancients would be laughing about us!
You don't need internet thinkpieces to divine the direction of that arrow.
It's not impossible to turn that around. But odds aren't in favor.
You say Twitter skeptics are just saying what they want to be true. What would you think if someone told you that their favorite social media site had lost half its value in five months but they were sure it was gonna turn around soon? Would that seem likely to someone without an emotional investment?
Running a social media site costs. Not even Musk has the liquid capital to keep it afloat as a public service at this loss rate. Either he comes up with a radical new income stream, or he'll have to shut it down or sell it. How virtuous his plans are, how much cultural value Twitter has, these things are irrelevant. A car won't go without gas.
Also, you didn't answer my question.
I'd venture that it's probably lost a lot more than half of its brand value as well.