After recently laying off half of Twitter’s employees and on the same day that three of the company’s top security executives quit, the world’s wealthiest man reportedly told Twit…
Twitter’s remaining product team members that the company he just bought could see “net negative cash flow of several billion dollars” in 2023 and “bankruptcy is not out of the question” if that happens.Elon Musk
said at a product team all hands today according to multiple reports. However, he continued, “if you have a compelling product, people will buy it. That has been my experience at SpaceX and Tesla.” While comparing Twitter — a media technology platform — to auto manufacturing or creating spacecraft for government and large corporate projects is not exactly apples to apples, Musk specified that his idea of “compelling” for the social media company includes adding video content and bolstering compensation for content creators.His $44 billion purchase of Twitter last month included $13 billion in debt which will reportedly incur interest payments of over $1 billion in the next year.
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‘Economic picture ahead is dire,’ Elon Musk tells Twitter employeesTwo weeks after closing a $44 billion deal to buy Twitter, Elon Musk sent emails to the employees of the social media company late Wednesday, his first communication with them after mass layoffs and high-pressure drives to create new products.
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Elon Musk tells Twitter employees ‘bankruptcy is not out of the question’ | EngadgetElon Musk told employees that Twitter is losing so much money that “bankruptcy is not out of the question.'.
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Elon Musk Tells Twitter Staff He Sold Tesla Stock to Save the Social NetworkHe made the remarks during an all-hands meeting that he hosted in part to motivate Twitter employees who remain after sweeping layoffs to work hard.
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Elon Musk tells Twitter advertisers that 'content is actually improving, not getting worse' | EngadgetElon Musk is trying, once again, to sell his vision of Twitter’s future to the company’s advertisers..
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Elon Musk ends remote work at Twitter, tells staff to prepare for ‘difficult times ahead’Elon Musk’s first email to staff at Twitter warns employees: ‘The road ahead is arduous and will require intense work to succeed.’
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Elon Musk tells Twitter advertisers he wants to stop fake accounts, pursue truthTwitter's new owner Elon Musk told advertisers on Wednesday he aimed to turn the social media platform into a force for truth and stop fake accounts in an effort to assuage brands and advertising agencies that have increasingly been backing away.
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