Twitter has more to worry about than Elon Musk

Elon Musk might not be Twitter Inc.’s biggest concern.

Ad-reliant tech stocks, led by a staggered Twitter TWTR, buckled Monday amid mounting evidence of a slowing economy slamming digital-advertising spending. The bleak climate was punctuated by a handful of financial analyst reports that ominously point to a hellacious earnings season for the industry.

“We’re…

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