Why does Elon Musk want to take Twitter private, and what does it mean for shareholders?
Billionaire Elon Musk plans to make Twitter a private company following his $44 billion deal to buy the social media platform.
Twitter has been a publicly traded company since 2013, but it only has turned a profit twice — in 2018 and 2019.
The social media platform’s more than 200 million user base is much smaller than competitors like TikTok and Facebook, and it’s had lackluster revenue growth in comparison to Google and Facebook, the two dominant forces in digital advertising.