Advertisers have run for the hills off of Twitter, says Dan Ives. He recaps the year in tech. He estimates that Twitter is on track to lose potentially roughly $4B per year. He notes that more red ink means funding gaps causing Musk to sell more Telsa (TSLA) stock. He talks about how Elon Musk will step down as Twitter CEO once he finds a successor. He then goes over his top 10 Christmas wish list for tech which include Microsoft (MSFT) winning against the FTC in the Activision deal. Finally, he goes over what to expect from tech in 2023.
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