Elon Musk On “Powerful” Final 3 Months, Saving Twitter From Going Bankrupt

Elon Musk On 'Tough' Last 3 Months, Saving Twitter From Going Bankrupt


Twitter and Tesla CEO Elon Musk on Sunday stated that the previous three months have been “extraordinarily robust” as he “needed to save Twitter from chapter” whereas additionally fulfilling his duties in Tesla and SpaceX. Taking to his official Twitter deal with, Musk stated that the microblogging web site continues to have challenges.

Elon Musk tweeted, “Final 3 months have been extraordinarily robust, as needed to save Twitter from chapter, whereas fulfilling important Tesla & SpaceX duties. Would not want that ache on anybody. Twitter nonetheless has challenges, however is now trending to breakeven if we maintain at it. Public help is far appreciated!”. He tweeted in response to The Wall Avenue Journal’s information article.

Musk lamented the corporate’s “large drop in income” only one week after closing the USD 44 billion deal to purchase Twitter in October, which he attributed to “activist teams pressuring advertisers,” Fox Enterprise reported. Since then, he has made a lot of modifications on Twitter, as per the information report.

Elon Musk has lowered about half of Twitter’s employees, launched a revamped microblogging web site Blue subscription service and even auctioned off memorabilia from the corporate’s San Francisco headquarters, Fox Enterprise reported. He defended the Twitter layoffs in November, stressing that the corporate was shedding USD 4 million a day.

Just lately, Twitter introduced that it’ll begin charging a price to entry its API, which builders use to create third-party companies, as per the information report. Earlier on January 13, Musk revealed a number of the modifications that have been set to be launched within the microblogging platform from subsequent week onwards. He wrote, “Bookmark button transferring to tweet particulars web page, fixing picture size crop & different minor bug fixes subsequent week.”

(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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