Washington:
Twitter and Tesla CEO Elon Musk said Sunday that the past three months have been “extremely difficult” as he “had to save Twitter from bankruptcy” while performing his duties at Tesla and SpaceX. Speaking to his official Twitter account, Musk said the microblogging site continues to have challenges.
Elon Musk tweeted: “The last 3 months have been extremely difficult as they have had to save Twitter from bankruptcy, while fulfilling the essential tasks of Tesla and SpaceX. I wouldn’t wish this pain on anyone. Twitter still has challenges, but now tends to break even if we persevere. The public support is much appreciated!”. He tweeted in response to the Wall Street Journal news article.
Musk lamented the company’s “massive drop in revenue” just a week after closing the $44 billion deal to buy Twitter in October, which he blamed on “activist groups lobbying advertisers,” Fox Business reported. Since then, he has made a number of changes on Twitter, according to the report.
Elon Musk cut about half of Twitter’s staff, introduced a Blue subscription service to the revamped microblogging site and even auctioned memorabilia from the company’s San Francisco headquarters, Fox Business reported. He defended Twitter’s layoffs in November, pointing out that the company was losing $4 million a day.
Recently, Twitter announced that it would start charging fees to access its API, which developers use to build third-party services, according to the report. Earlier on January 13, Musk revealed some of the changes that were to be introduced to the microblogging platform starting next week. He wrote, “Bookmark button moves to tweet details page, fixes image length cropping and other minor bug fixes next week.”
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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