In a startling turn of events, Twitter investors are pointing fingers at Elon Musk for the significant drop in the social media platform's value, leading to millions of dollars in losses for those who had invested in the company. The blame game comes after Musk's high-profile acquisition of Twitter for a staggering $44 billion in 2022, a substantial portion of which was financed through bank loans. Unfortunately, this hefty investment has now suffered a severe decline in worth.

According to a report from The Washington Post, Fidelity, a major investor, held a stake worth $316 million in Twitter at the time of Musk's purchase. As of today, Fidelity states that the value of its investment has plummeted to approximately $88 million, leaving shareholders stunned and concerned. Similarly, Saudi Prince Alwaleed bin Tatal, who expressed his satisfaction with the investment, has reportedly lost around $1.36 billion out of his $1.89 billion purchase, as estimated by the Post. However, the prince remains optimistic, suggesting that the investment may even be worth more than his initial investment.

Not all investors share the prince's optimism, though. Ross Gerber, who reportedly had a smaller investment of less than $1 million in Twitter, called out Musk for causing a "tremendous amount of wealth destruction." Gerber explained that trying to explain the significant losses incurred by investing in Musk's venture has been an unpleasant task for those involved.

One of the primary factors contributing to Twitter's diminished value can be attributed to a decline in ad revenue. The platform has experienced a significant backlash from advertisers due to the spread of toxic content after changes were implemented by Musk in the platform's content moderation. In an attempt to combat this, Musk and current CEO Linda Yaccarino announced in early August that they would be taking legal action against advertisers for what they claimed was an "illegal boycott" against the platform.

The aftermath of Musk's acquisition of Twitter and subsequent changes to its content moderation policies has sent shockwaves through the investor community. With massive losses in value and advertisers cutting ties, the future of the social media giant remains uncertain. As investors grapple with the repercussions of their investments, all eyes are now on Musk to see how he plans to address the mounting concerns and initiate a turnaround for Twitter's declining fortunes.