Even Musk admits that Twitter may go bankrupt because the company is dysfunctional. Some conspiracy theorists believe that he is driving it toward the brink because he didn’t want to buy it. But the risk remains that Twitter will go bust and cost thousands of people their jobs in the process.
This will also affect the livelihoods of workers in other industries. Many freelance journalists depend on the platform to share news and make connections. Furthermore, it’s a popular advertising platform for many businesses. It’s also an important way for creators to engage with their followers (via NPR).