Two years after the takeover the platform ‘X’ is losing billions, but it’s still setting the political agenda and has had some success in promoting his libertarian views
There was nothing inevitable about this year’s biggest news announcement being posted on X.
When President Biden stood down by sharing a letter on the Elon Musk-owned social platform on July 21, he upended American politics. But Biden also confirmed something else.
Almost two years on from his takeover, Musk’s eye-wateringly expensive $44 billion (£34.2 billion) gamble to transform Twitter into X has not undermined the fundamental relevance of the site. What leads the nightly news and splashes on front pages across the globe still usually appears first on X.
