Two of America's otherwise hugely successful entrepreneurs have discovered that they are not immune to the consequences of hubris. Elon Musk, founder of Tesla and SpaceX, who swallowed up Twitter, is finding it indigestible. Mark Zuckerberg, believing he sees the future, has embarked on a transformation of Meta Platforms, the renamed Facebook, that is draining the company of billions of dollars and has caused its market value to plunge by 70% over the past year. Meanwhile, TikTok, owned by the Chinese company ByteDance, has rocketed in popularity with Gen Z, making Twitter, Facebook, and Meta's Instagram seem so last decade.
Upheaval Roils the Social Media World
Upheaval Roils the Social Media World
Upheaval Roils the Social Media World
Two of America's otherwise hugely successful entrepreneurs have discovered that they are not immune to the consequences of hubris. Elon Musk, founder of Tesla and SpaceX, who swallowed up Twitter, is finding it indigestible. Mark Zuckerberg, believing he sees the future, has embarked on a transformation of Meta Platforms, the renamed Facebook, that is draining the company of billions of dollars and has caused its market value to plunge by 70% over the past year. Meanwhile, TikTok, owned by the Chinese company ByteDance, has rocketed in popularity with Gen Z, making Twitter, Facebook, and Meta's Instagram seem so last decade.