Twitter is shedding round $4 million a day, in keeping with Elon Musk

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As for Twitter’s discount in employees, Elon Musk tweeted at the moment, “Relating to Twitter’s discount in power, sadly, there isn’t any selection when the corporate is shedding over $4M/day. Everybody exited was supplied 3 months of severance, which is 50% greater than legally required.”

Additional clarifying, he added “Once more, to be crystal clear, Twitter’s robust dedication to content material moderation stays completely unchanged.”

Elon desires to revive the greatness of Twitter.

5 former employees, amongst them an engineer who additionally creates satirical cartoons, filed a lawsuit on Thursday accusing Twitter of failing to offer adequate discover of the layoffs.

In opposition to Musk’s proposal to cost $8 per thirty days for blue ticks, celebrities have additionally spoken out. A fictitious determine who fees friends for doing chores has been in comparison with the billionaire. Common Motors, Volkswagen, Audi, and Pfizer have all suspended their promoting.

Moreover, Musk criticized firms for pulling their promoting off the platform.
“Twitter has seen a large drop in income because of activist teams pressuring advertisers, although nothing has modified with content material moderation and we did every thing we might to appease the activists,” he tweeted.



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