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

Elon Musk in 'Difficulty' for the past 3 months, saving Twitter from bankruptcy


Twitter and Tesla CEO Elon Musk on Sunday said the past three months have been “extremely difficult” as he “had to save Twitter from bankruptcy” while also completing his duties at Tesla and SpaceX. Talking about his official Twitter account, Musk said that the microblogging site continues to have challenges.

Elon Musk tweeted: “The past 3 months have been extremely difficult, having to save Twitter from bankruptcy while completing essential Tesla & SpaceX missions. Nobody wants that pain to happen. Twitter is still there. challenges, but is now tending to break even if we keep going. The public’s support is greatly appreciated!”. He tweeted in response to The Wall Street Journal article.

Musk lamented the company’s “massive revenue decline” just a week after closing a $44 billion deal to buy Twitter in October, which he attributed to “activist groups that pressured advertisers,” Fox Business reported. Since then, he’s made a number of changes on Twitter, according to the report.

Elon Musk has cut Twitter’s staff by about half, introduced an improved Blue microblogging site subscription service, and even auctioned off memorabilia from the company’s San Francisco headquarters, Fox Business reports. . He defended Twitter’s layoffs in November, noting that the company was losing $4 million a day.

Recently, Twitter announced that it would start charging for access to its API, which developers use to create third-party services, according to news reports. Earlier on January 13, Musk revealed a number of changes that will be introduced on the microblogging platform from next week onwards. He wrote, “Bookmarks button jumps to tweet details page, fixes cropping of image length and fixes other minor bugs next week.”

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

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