Musk on path to turn Twitter into the next MySpace or Yahoo, co-founder suggests

Enlarge / Ev Williams, Twitter co-founder, delivers remarks at Web Summit in Altice Arena on November 8, 2018, in Lisbon, Portugal. (credit: Horacio Villalobos / Contributor | Corbis News)

Twitter co-founder Evan “Ev” Williams has broken his silence and joined other co-founders in expressing his dismay at how Elon Musk is running the platform.

In his first public remarks on Musk’s leadership since Musk’s Twitter takeover, Williams told Bloomberg’s “The Circuit” yesterday that after Musk’s purchase went through, he felt “sad.”

Ever since, he hasn’t been encouraged by developments at Twitter. The company’s ongoing financial struggles include most recently recording a five-week period from April to May, where its advertising revenue dropped by 59 percent, compared to ad revenue at the same time last year.