After Twitter struck a deal with Elon Musk on Monday, agreeing to his $44 billion purchase of the platform, many have wondered if Twitter is heading toward the same fate as Myspace and Tumblr.

Musk's offer to purchase Twitter was met with criticism from the start, and users feared that his promise of privatization and free speech would make it too similar to conservative social media apps like Parler or Donald Trump's Truth Social. Many users have already left the platform, and those who remain worry that Twitter might suffer under the new ownership.

However, Shama Hyder, CEO of Zen Media and digital marketing expert, pointed out that there were several factors that led to the downfall of Tumblr and Myspace that aren't in play here.

Hyder told Newsweek that Twitter "serves a very different purpose, a different audience. The way people engage there for the community that they have. It's not Tumblr, it's not Myspace, and to be honest, it doesn't have a lot of competitors."

Twitter users worry that the app might face the same downfall a Myspace and Tumblr after Elon Musk purchased the platform for $44 billion on Monday. Above, a smart phone with the icons for the social networking apps Viber, Snapchat, Twitter, Linkedin, Reddit, Instagram, Pinterest, Tumblr, and Facebook are seen on the screen on June 29 2018, in Hong Kong.S3studio/Getty Images

Myspace allowed users to create web profile pages and connect with others with similar interests. It launched in 2004 and thrived for several years under the ownership of Brad Greenspan, Chris DeWolfe, and Tom Anderson. However, around 2008, Myspace seemed to rapidly decline due to fierce competition when Facebook began attracting more and more users.

By August 2008, Facebook became the world's largest social media platform and overtook Myspace in user count, according to Product Mint. In 2011, Myspace let go of 600 employees and was eventually sold to Specific Media.

When it came to Tumblr, things went in a different direction. Having been a microblogging network that often encouraged anonymity, the social media platform thrived until it was purchased by Yahoo in 2013.

"You have to realize that people who came into Tumblr as Myspace evolved, they were not active users of their own platform. That's the difference," Hyder said. "Elon Musk lives and breathes and eats on Twitter. He is immersed on the platform."

When it came to Tumblr, "The people actually making the decisions and running the platform were not users of the platform," Hyder added.

That isn't to say that Twitter won't face its own problems as it undergoes the changes Musk plans to make, but even still, Hyder pointed out that they are different from what Tumblr and Myspace had to face.

"Myspace and Tumblr. They also existed in an era where censorship and misinformation was not the norm," Hyder said. "I mean, think about Myspace, early early early days. They never dealt with this level of misinformation."

Musk wrote in a letter early on in the negotiations with Twitter that it was his intent to make Twitter more of a platform for free speech. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," he wrote.

Hyder told Newsweek that "it will be interesting to see how he approaches moderation because that's where Twitter has historically been very challenged."

She added that it will also be "interesting from a business perspective, of course, because at the end of the day, you only have to follow the dollars, right? Is how many businesses continue to advertise and play along versus businesses that say, 'you know what, we're just not okay being on this platform anymore'. So I think that is also yet to be seen, but these are the challenges that are much more unique to Twitter."