‘Had to Save Twitter From Bankruptcy’: Elon Musk Reveals ‘Extremely Tough’ Period Following Twitter Takeover

Social

Products You May Like

Twitter and Tesla CEO Elon Musk on Sunday said that the past three months have been “extremely tough” as he “had to save Twitter from bankruptcy” while also fulfilling his duties in Tesla and SpaceX. Taking to his official Twitter handle, Musk said that the microblogging site continues to have challenges. 

Elon Musk tweeted, “Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties. Wouldn’t wish that pain on anyone. Twitter still has challenges, but is now trending to breakeven if we keep at it. Public support is much appreciated!”. He tweeted in response to The Wall Street Journal’s news article. 

Musk lamented the company’s “massive drop in revenue” just one week after closing the $44 billion (roughly Rs. 3.6 lakh crore) deal to buy Twitter in October, which he attributed to “activist groups pressuring advertisers,” Fox Business reported. Since then, he has made a number of changes on Twitter, as per the news report. 

Elon Musk has reduced about half of Twitter’s staff, introduced a revamped microblogging site Blue subscription service and even auctioned off memorabilia from the company’s San Francisco headquarters, Fox Business reported. He defended the Twitter layoffs in November, stressing that the company was losing $4 million (roughly Rs 33 crore) a day. 

Recently, Twitter announced that it will start charging a fee to access its API, which developers use to create third-party services, as per the news report. Earlier on January 13, Musk revealed some of the changes that were set to be introduced in the microblogging platform from next week onwards. He wrote, “Bookmark button moving to tweet details page, fixing image length crop & other minor bug fixes next week.” 


Samsung’s Galaxy S23 series of smartphones was launched earlier this week and the South Korean firm’s high-end handsets have seen a few upgrades across all three models. What about the increase in pricing? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

Products You May Like

Articles You May Like

Google to relaunch tool for creating AI-generated images of people after pulling service due to inaccuracies
Breaking Down AD CS Vulnerabilities: Insights for InfoSec Professionals
Google Pay Announces UPI Circle, UPI Vouchers and More Features at Global Fintech Fest 2024
ISRO Chief S Somanath Expects Budget Requirement to Grow by Up to 30 Percent in Coming Years
CISA Flags Critical Apache OFBiz Flaw Amid Active Exploitation Reports

Leave a Reply

Your email address will not be published. Required fields are marked *