Elon Musk capped off his tumultuous first week as owner of Twitter Inc. by carrying out sweeping job cuts while complaining that advertisers have slashed their ad spending on the platform overMr.
Musk blamed what he called “a massive drop in revenue” on “activist groups pressuring advertisers.” He said in tweets that Twitter hadn’t changed content moderation and had tried to address activists’ concerns.
Actually it’s called the free market
Be patient, Elon. Think your plan through, then execute
This is what happens when you become an obnoxious and arrogant tweetie bird.
Elon needs to charge users $10 per month to make billions more
Elon should fire the rest of the employees, and blame it on Revenue shortfall.
Hmmmm midterms
It was a cesspool before and only gonna get worse now.
Good, lets waste 44B
I will always bet on Elon Musk to build a better business. Not much words for the other vindictive hypocrites who can't stomach people who don't share their opinions.
Literally was forced to buy this company. In the end didn’t really want to. Came in and forgot that the whole biz model was open platform with rules. Is massively in debt now. And thinks it should be run like Tesla which is a traditional biz model. And has pissed everyone off.
😂
Lier !!! He wants to cover massive layoffs. 🤷♂️🤣
Good. Less woke company advertising incoming soon.
Musk is right
$8
elonmusk bought twitter to save the World from evil lies.
He may have to look at some of his own behaviour, no ?
Brands Don't like to be in a Gab Light platform... is that simple
Advertisers are pressured by their own CEOs. 🇺🇸
So Chief Twit shit posting all the time has nothing to do with it? Twitter
Surprise, genius.
Hey, Elon, twitter is just not that into you.
If not careful, he may start losing tesla customers too.
BS. Advertisers have every right to see his right wing bend. And conspiracy theory crap.
Like Elon Musk isn't an 'activist'
No, All I see now is right wing propaganda? Business mistake. You can fire half your staff. But you can't fire the majority of Non-right wing. The business will incur more than the $13 billion it has already lost. Cool.
“Groups” = fascist identity peddling woke whackos.
But he could have just shut his mouth and slashed the workforce by 50% to make the company profitable He's not a business man. He's just an ego.
He's not wrong. Cancel culture at its finest. Wait till ESG goes into full effect.
Offered 3 months severance? Or legally required to provide them 3 months pay before they're allowed to lay off 50%? Also has anyone looked into whether they're being forced to sign NDAs as a condition of severance? If so, they won't even be able to say they're being censored.
Or maybe because he cut back on moderation and curation and advertisers are getting cold feet …
So, why would Clinton friends and SOROS want to bend elonmusk to their will? If Twitter censors had been even-handed, proposed changes would not affect them.
Im curious how he will perform. It’s such a different type of business, every mishap will fall on him and its challenges can’t only be solved by throwing money at them.
Could it be the genius' own self inflicted actions? Oh well, just fire more people!
Elon the elite machine cancelling powers are strong.
“We’ve done our absolute best to appease them, and nothing is working,” Mr. Musk said at an investment conference on Friday. “This is a major concern,” he said, casting the ad pullback as an assault on free speech. Who wouldda thought that 'free speech' works in both directions?
Well, it is called free market capitalism. Also activists didn't make him spend $44b on a website that is losing $4m a day lol
Billionaire begging for $8… Priceless!
Ah, “if it’s good it’s my genius but if it’s bad it’s all other people’s fault” school of leadership.
Good, less advertising.
He’ll have more next week after my company stops advertising on Twitter.
Elon is learning a central (and for him, painful) lesson to owning any media outlet in a democracy. Twitter can either be a place for all of us or.....it won't exist for any of us. There is no other option.
Did you all start playing internets today? He's trolling vigorously with intent.
Activist groups eh? Ok. So what? Sort of like saying my same sex marriage is under threat from Republicans. If Republicans win they’ll force an end to my marriage. Doesn’t matter if Dems disagree. End result is the same.
Was it because of the new Twitter's ownership?
It could be that GM and that other car mob just don’t wish to support their rival and their decision has nothing to do with activist pressure.
Big pharma and big labor. Shocker. Adapt and overcome!
Drain the swamp elonmusk the left will come crawling back when they realise this is what that wanted all along i
Name the woke advertisers
Twitter was losing $3.7 million a day in the quarter that ended in June
The advertisers dropping twitter will be droped from consumer sales.
This is pure gold.
And was immediately fact checked that it’s because of his unpredictable behavior.
Is this the NY Times or the real WSJ? Take the side of the right for once.
Twitter needs to curate the ‘town square’ as a safe and desirable place for users, unlike NY Time Square in the ‘70’s with hookers, pimps, rats and street gangs. This really isn’t rocket science.
oh no
I’m betting on elonmusk. 🇺🇸
It seems some rash decisions are being made without too much thought
That’s 1B$/yr. elonmusk you have 200 years to turn this around
Twitter is only a social media. Don't mistake it for socialist media😜😜
Soon, elonmusk will be the only one at Twitter headquarters, all alone by himself, selling Tesla stock to pay company bills, as Twitter has become an ad-free app without revenues within a week.
What are 4 million for you you have billion.I'm stunned that Musk is still trying to gloss over quitting! Musk, Ask your ex-employees like those who find that they won't have anything before Christmas. Hope that you go broke to experience this suffering
Elon Musk is a wealthy man boy.
he was much too generous
It all seems chaotic and unplanned. I wouldn't think that this is how you run a 44B business.
So In a matter of days…………. Nice business model elonmusk. Buy company, than try to back out. Than buy it due to being sued. Than run it into the ground. You and trump must have compared notes.
Very fair.
Change is inevitable in life. For the unhappy ones, move, you are not a tree. Read the book 'somebody moved my cheese'.
He needs to cut more, most of them didn't even serve a purpose
Wait, thought it was all about overstated active, real accounts during diligence, only now it’s losing $4M a day, um oh, ok.
If elonmusk had common sense he could have done this much smarter.... but some people just use force crack others into submission... not gonna happen.... we are not Stupid MAGAs
Shows how bad he is at it.
Let the house cleaning commence
Do you guys write a story every single time he tweets something?
Tesla cars will be built by robots .... sales .. targets ... missed employ humans
When was this loss taking place? Now or before?
Don’t focus on just Twitter. This is just the beginning for money losing companies.
Again, more than fair. Lets see how the leftist media frames this as something bad & unfair.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KCBSRadio - 🏆 516. / 51 Read more »