What's Next for Twitter?

Elon Musk no longer wants to buy Twitter, which now will "pursue legal action" simply to "enforce" their planned merger agreement, according to the company's chairman. But however that plays out, Twitter is now in a worst-case scenario, one Wall Street analyst argues to NBC News:Dan Ives, a managing director and senior equity research analyst covering the technology sector at Wedbush Securities, said Twitter's stock price stands to suffer significant damage.... "The company has been in pure chaos - people have left in droves, and now competitors are going to seize on the ad dollars. With the employee turnover, it's going to be viewed as damaged goods from another potential buyer...." Ives believes the damage to Twitter's value has only just begun. "When you have a cult figure like Musk - one of, if not the, most followed person in world - calling out Twitter, now it has a ripple effect that's hard to quantify," Ives said. "From advertisers to employees to the political firestorm that could ensue," he said. "For Twitter, it's not about the court battle and the legal ramifications, and how that plays out, that will be debated by lawyers. But it's a public company that needs to be run, and now it's hanging in the wind."

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