Remember that there is a general decline in tech stocks at the moment. A few names are being elevated by the AI boom, but for the most part the party has been over for quite a while now. If you keep an eye open, you’ll see stories about a number of different tech stocks declining.

Every time I see such a story, I tend to reply with “why would Elon Musk do this?” Since people acted like Twitter was a unique case being caused exclusively by his leadership, but we’ve seen massive declines in many companies including Meta and Netflix.